Mario Bros
Larger than a Pixar movie
Nintendo and Illumination pulled off a coup with their Mario Brother movie which stuck to what people enjoy paying for - entertainment.
Entertainment stocks have done well of late so it’s not just the ones we follow, but I feel that the ones we focus on are more focused on show business than an agenda, or at least how the media portrays some of the larger corporations.
Nintendo is publicly traded and pays a 3.5% dividend yield. It is a very emotional stock so it goes up and down, but this may be a generational bottom as we like sequels - especially kids.
My kids repeated the lousy “Momma Mia Pizza Dinner” in the movie, but what do I know.
On a good note, Lionsgate is looking to unload the unprofitable streaming service and it will be interesting to know what happens with it.
As of Friday, IMAX hit a 52 week high. There is nothing like the experience of seeing a film in Imax. With the intense work and technology put into movies now, and the higher cost of tickets and popcorn - why not see it in the best format? Even a good picture like “Air” about Nike Air Jordans directed by Ben Affleck was reportedly made at $100 million.
I hope that the new generation and what occurs in 2024 will be a pivot to a period of the opposite of what we have seen the past many years. It will be very good cinema and gaming.
On a different front, here is a 52 week low loser - ASPN. It is $6 but was $48 not that long ago. They have niche product in the sectors of the economy that matter and it seems the large shareholders are holding with diamond hands so patience is required. The same with steel stocks like Cleveland Cliffs - CLF, but I would like to know why with the Trillion dollar infrastructure plan - companies related to it are not performing well?
Have a pleasant Monday morning!