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Starboard Value Losing Patience With RealD
Wednesday, October 29, 2014 - 1:24pm | 270Activist hedge fund Starboard Value disclosed a 9.9 percent stake in RealD (NYSE: RLD) on October 1. At the same time, the fund offered to acquire the remainder of the company it did not already own for $12 per share, a 29 percent premium to the October 1 closing price. The following day, RealD...
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Markets Little Changed Ahead Of Friday's Jobs Report
Thursday, October 2, 2014 - 5:10pm | 2062U.S. stocks reversed early morning declines and closed the day little changed ahead of Friday's job reports data, which will be released at 8:30 A.M. The number of Americans filing claims for unemployment benefits unexpectedly fell last week by 8,000 according to data released today. Not...
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New 3-D Films Planned Despite Eroding Public Interest
Monday, August 12, 2013 - 2:16pm | 557Despite the fact that the number of screens showing 3-D films increased to nearly 15,000 in 2012, moviegoers are showing less interest in the three-dimensional format. According to The New York Times, this summer’s 3-D offerings like Turbo, produced by DreamWorks (NASDAQ: DWA) and distributed...
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Barron's Recap: The World's Most Respected Companies
Monday, June 25, 2012 - 9:56am | 1065This past weekend, Barron's online covered topics including the annual ranking of the world's most respected companies, the Treasury's auctioning of the remaining TARP shares, small cap company RealD and mid cap firm Corrections Corporation of America. Cover Story "The World's Most Respected...
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J.P. Morgan Reports On Talks With RLD Management
Tuesday, June 14, 2011 - 8:12am | 125J.P. Morgan is maintaining its Overweight rating on RealD Inc. (NYSE: RLD) after talking with the company's management yesterday. In the report, J.P. Morgan writes, “We connected with RLD management yesterday for details regarding the FY12 exhibitor licensing margin outlook of 72-75%. Management...
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Super 8 Surpasses Tracking by 20%, Wunderlich Securities Reports
Monday, June 13, 2011 - 9:30am | 170According to a report by Wunderlich Securities, box office for the top 12 movies fell 5.9% to $144.8.7 million “with Super 8 emerging as the #1 weekend movie with an about-20% better-than-expected $37.0mm.” “20th Century Fox's X-Men prequel fell 55% from its opening weekend to $25.0mm, with cume...
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Piper Jaffray Reports Strong F4Q Results On RealD
Friday, June 10, 2011 - 8:33am | 89According to Piper Jaffray, RealD (NYSE: RLD) reported strong F4Q results after the close driven by strong international results and a swing to profitability for eyewear. Piper Jaffray said that adjusted EBITDA was $17.8M versus our $6M forecast (consensus of $8M), representing 59% Y/Y growth...
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Stifel Nicolaus Lowers PT On RealD To $28
Friday, June 10, 2011 - 8:18am | 26Stifel Nicolaus has lowered the price target on RealD (NYSE: RLD) from $30 to $28 and maintains its Buy rating.
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UPDATE: J.P. Morgan Lowers PT on RealD to $30
Friday, June 10, 2011 - 7:17am | 91J.P. Morgan is out with its report today on RealD (NYSE: RLD), lowering its PT from $31 to $30. In a note to clients, J.P. Morgan writes, "We are raising revenue estimates through 2012 on strong international box office, but we are reducing EBITDA. We continue to expect the stock to out-perform as...
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JP Morgan Lowers PT On RealD To $30
Friday, June 10, 2011 - 6:20am | 18JP Morgan has lowered the price target on RealD (NYSE: RLD) from $31 to $30 and maintains its Overweight rating.
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J.P. Morgan Comments On RealD F4Q11 Results
Thursday, June 2, 2011 - 9:39am | 125According to J.P. Morgan, RealD (NYSE: RLD) will report F4Q11 results in line with above-consensus estimates, with upside in international screen installations counterbalanced by relatively weak box office in the March quarter. J.P. Morgan said that despite lower-than-expected domestic 3D box of...
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Timing Could Be Right For RealD To Buy SENSIO
Monday, April 18, 2011 - 1:14pm | 227Originally posted by Johnny Stocks on Sunday, April 17 - I just read an article on the Arabian Business website, Time to be threealistic?, that talked about the current challenges and the future of 3D in cinemas and homes. I found it interesting that the article discussed how SENSIO (SIO.V) beat...
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J.P. Morgan Raises Price Target On RealD
Wednesday, April 13, 2011 - 8:21am | 120According to J.P. Morgan, RealD (NYSE: RLD) price target is raised. J.P. Morgan reported that given the higher than expected screen count relative to prior expectations (15 k announced on 3/25 vs. expectation of 13.3k), strong upcoming 3D movie slate this summer, positive industry commentary...
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Piper Jaffray Maintains Overweight on RealD (RLD)
Tuesday, March 22, 2011 - 8:43am | 130Piper Jaffray is out with its report today on RealD (NYSE: RLD), maintaining Overweight. In a note to clients, Piper Jaffray writes, "We believe RLD shares are poised to snap back sharply from their 22% decline as the robust 3D film slate ramps up, investors recognize that the 'glasses business'...
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J.P. Morgan Lowers PT on RealD to $29 (RLD)
Friday, February 4, 2011 - 10:06am | 80J.P. Morgan is out with its report on RealD (NYSE: RLD), lowering its PT from $31 to $29. In a note to clients, J.P. Morgan states, "We expect the stock to out-perform as we get closer to the release of Harry Potter in 3D in July. Our Dec-11 Price Target goes to $29.00 from $31.00 on unchanged 2012...