The New York-based mutual fund founded in 1996 describes itself as an “independently owned and operated investment boutique that adheres to a long-term, contrarian, fundamental value investment philosophy.” DreamWorks Animation seems to fit the bill for contrarians: The stock is down about 30% over the last 12 months even though the S&P 500, a barometer for the overall market, was up more than 20%. Investors have questioned the company’s prospects following disappointing ticket sales for films including Kung Fu Panda 2, and as sales of DVDs have plummeted and movie ticket buyers have lost their enthusiasm for 3D.
By DAVID LIEBERMAN, Financial Editor | Monday July 11, 2011 @ 1:22pm EDTTags: DreamWorks Animation, Kung Fu Panda 2
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This article was printed from http://www.deadline.com/2011/07/kinetics-asset-mgt-ups-stake-in-dreamworks-animation-to-10-7/