MSG is around $35, which is my target. I will take profit. But over long run, it has some unique assets and should perform well. I will buy back around 33.
Lionsgate has dropped 15% since I wrote the blog. The negatives are 1. insider are selling. 2. Ender's Game has been pushed back 6 months. 3. Ross did not renew contract for Hunger Game. But the fundamental of the business did not change. Hunger Game is better than expected. The sale of non-core assets will start soon. The debt will be reduced. The earnings for next few years will be over $1.5/share. It bodes well for the company. I still believe it should trade at 17-20 range.
Apple is everyone's favorite. I have questions about its long term perspective. I will not be surpriced it Apple is trade lower 5 years from now. Both the smartphone market and Ipad market are maturing fast.
Wednesday, April 18, 2012
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