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Date: Thu, 26 Jun 2003 09:13:32 -0700 (PDT)
From: Bill Triffet <btriffet@earthlink.net>
Subject: Re: [CANSLIM] MVL
My only concern (and a big one for me) has been that MVL is riding on "The Hulk" movie release and its associated licenses. It rose this year in anticipation of the release. Now it's out and critics are giving it mixed reviews. I think that is what has broken it down lately. Also the old "buy on the rumer - sell on the news" may be slightly working here as the movie is now released.
Company info:
"For the 3 months ended 3/31/03, revenues rose 53% to $87.4M. Net income applic. to Com. before accnt. change totalled $41.1M vs. a loss of $3.4M. Results reflect increased licensing revenues, and $4.3M in joint venture income."
Bet a huge percentage of that $87.4M was for "The Hulk" licensing. I'd like to see it spread over a variety of charactor licenses - not all depending on one movies success.
Now, that all said, "Spider Man" has done very very well so who knows?
- --
Bill
- -------Original Message-------
From: michael_niemotka@baxter.com
Sent: 06/25/03 01:39 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] MVL
>
> Looks like it is showing some support at the 50dMA, trying to work it's way
back above. Today's action is what I think is referred to as a "tail up"
since the close was near the high point of the day.
The fact that it occurred on higher than ave volume is also a good sign.