Lionsgate Entertainment () () has made a name for itself over the years by turning out midbudget movies that management calculates will likely turn a profit. The company is on a mission to grow into one of the largest movie studios in the world. Over the last decade, Lionsgate increased revenue by 160% to $3.8 billion.
However, 2018 was not one of Lionsgate’s best years. The stock tumbled 45% over the past year after the company reported disappointing operating results. Investors had high hopes for Lionsgate after the acquisition of Starz in fiscal 2017. The stock was sitting at a forward P/E of 28 in