Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

CS First Boston Raises MGM to 'Neutral'

CS First Boston upgraded Metro-Goldwyn-Mayer (MGM) to neutral from underperform.

Analyst William Drewry says the Hollywood movie studio's fundamental performance has improved, and the balance sheet has moved to debt free/net cash positive. He says MGM is successful on a more conservative film production strategy.

Drewry notes the sector's financial returns are improving on a tailwind of higher profitability of the video window, i.e., DVD. He thinks a special dividend or return of capital to shareholders is probable.

Drewry says it seems as if MGM is for sale, based on recent management comments about a merger synergy, two recent tenders, and potentially more returns of capital in some form to shareholders. He raised the $16 target to $19.

blog comments powered by Disqus