I've been looking around for stocks, my friends. I haven't bought one in a while and I'm itching to do so. But I don't want to just buy for the sake of buying. No way, not in this market. One of the many stocks I've been keeping my eye on as of late is DreamWorks Animation (NYSE: DWA).
As an owner of Marvel (NYSE: MVL) stock, I recognize the potential, speculative value of buying a company that is a closer play on Hollywood than, say, a Disney (NYSE: DIS) is, ahead of the release of a big tentpole production by said company. A tentpole for DreamWorks is coming up in Madagascar: Escape 2 Africa.
No, this sequel isn't a Shrek flick, but I still think there is a chance that it will do good business come this Thanksgiving. In fact, a recent press release from IMAX touts the fact that the movie's run is being extended in the company's popular theaters. Problem is, though, DreamWorks is in no way ready to be bought yet.
The way I like to play a Marvel or a DreamWorks is to buy (or add) on a severe pullback. I remember when I got some Marvel shares on a, if I recall correctly, one-day 20% drop. That was so sweet. I bought immediately and was so happy when I sold into the strength of Spider-Man 3 many months later. I've been meaning to do this with DreamWorks, but I guess I haven't gotten the chance (or, I haven't watched closely enough to catch one of those days).
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