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|
| Last Price |
0.64 (11.20.09 5:20 PM EST) |
| Change (%) |
+0.01 (+1.60%) |
| Volume |
32,630 |
| Open |
0.63 |
| Previous Close |
0.63 |
| Day High |
0.69 |
| Day Low |
0.63 |
| Bid |
0.64 x 1200 |
| Ask |
0.65 x 25000 |
|
|
| Average Volume |
78,178 |
| Shares Outstanding |
21.86M |
| Market Cap |
14.0M |
| Year High |
2.39 |
| Year Low |
0.55 |
| Earnings Per Share |
-0.30 |
| P/E Ratio |
- |
| Dividend |
N/A |
| Yield |
N/A |
|
|
|
| Symbol
| Last
| Change (%)
|
| PLIN-L |
17.48 |
+0.00 (+0.00) |
| QEPC |
7.00 |
+0.00 (+0.00) |
| PLNU |
0.24 |
+0.00 (+0.00) |
| CCT |
0.67 |
-0.01 (-0.89%) |
| AXN |
0.41 |
+0.00 (+0.00) |
| ZAAP |
0.21 |
+0.00 (+0.00) |
| CYNX |
0.16 |
+0.00 (+0.00) |
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| Mon, Nov 16, 2009 |
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Image Entertainment Amends Convertible Note
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Business Wire
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| Thu, Nov 12, 2009 |
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Image Entertainment Reports Second Quarter 2010 Financial Results – Senior Convertible Note Installment Payment Requested
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Business Wire
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| Thu, Nov 05, 2009 |
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Image Entertainment Invites You to Join Its Fiscal 2010 Second Quarter Conference Call Scheduled for Thursday, November 12, 2009 at 4:30 PM Eastern Time
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GlobeNewswire
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| Thu, Oct 29, 2009 |
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Image Entertainment Amends Convertible Note
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Business Wire
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| Fri, Sep 18, 2009 |
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Image Entertainment Receives Staff Deficiency Letters from the Nasdaq Stock Market
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Business Wire
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More Press Releases
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| Tue, Nov 17, 2009 |
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Sun says upgraded Storage 7000 arrays are the fastest in the world
Sun Microsystems today announced upgrades to its Sun Storage 7000 family of disk arrays that double the performance and capacity from a maximum of 288TB to 576TB in a 4U (7-in) space. The company is also now offering high-speed InfiniBand connectivity to its array and RDMA (Remote...
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BNET articles | BNET
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| Fri, Nov 13, 2009 |
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Morning Movers 11/13: CNIC, TSTC, NLST, AGO, SLI Higher; LIME, GMET, BIOF, DISK, MRGE, SSY Lower
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5106237 for the full story.
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StreetInsider
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| Thu, Nov 12, 2009 |
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Image Entertainment Inc. F2Q10 (Qtr End 30/09/09) Earnings Call Transcript
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Transcripts from See...
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Image Entertainment Inc. F2Q10 (Qtr End 30/09/09) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions At this time, we have no questions from the phone lines. Jeff Framer Well, thank you operator. Thank you all for attending the call. We’ll obviously have news coming up mostly likely early next week relating to this matter of our convertible debt holder. So...
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BNET.com
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After-Hours Movers 11/12: TSTC, LXRX, MDSO Higher; DISK, MRNA, LIME, BBI, ESE, JWN Lower
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5104522 for the full story.
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StreetInsider
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More News
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| Mon, Jul 06, 2009 |
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Company in trouble--looking to sell itself (DISK, rated BUY)
A failed merger due to the dry-up of credit has put Image Entertainment in trouble. the future of the company is uncertain and recent reports cited by the company mention that it can not survive for a long time with its existing assets and debts.
The company has sought "other alternatives" for its future, which means, in essence, it is looking to sell itself once again. there is no telling how much the company would seek, however, due to the recent plunge the stock has taken, i am not sold on it being at a price anywhere near its former agreements.
There is a bleak picture here, and while the company has significantly cut its losses, it seems as though unless they break into the black anytime soon, it is going down. A merger seems to be the most likely "alternative". A sad time for the company. Sad indeed.
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SocialPicks
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| Sat, Apr 25, 2009 |
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Top Stories of the Week at Value Investing News
Here are the top stories this week at Value Investing News:
Image Entertainment (DISK) Valuation Despite Merger Failure
A reader provided a detailed analysis of DISK and why it is cheap even now without the merger. A high LBO target.
For Value Investors, Smaller Is Better
Value investors are always looking for inefficiently priced stocks. Such stocks are often [...]
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Fat Pitch Financials
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| Tue, Apr 21, 2009 |
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Image Entertainment (NASDAQ GM:DISK) Cheap Despite Merger Failure
The Image Entertainment Inc. (NASDAQ GM:DISK) merger has been terminated again. [More...] |
| Thu, Apr 02, 2009 |
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Arbitrage Opportunity
 Just bought 1000 shares of Image Entertainment ( DISK) at $1.10/share as a speculative arbitrage opportunity. As a speculative play, the details about their business isn't too important to me since I'm only attempting to capitalize on the difference in the stock price now compared to the buyout price. What do I mean? According to a definitive merger agreement in January: On November 17, 2008, our board of directors approved, and on November 20, 2008, we entered into, a merger agreement providing for the acquisition of Image by Nyx Acquisitions, Inc., a Delaware corporation, or Nyx. If the merger is completed, you will be entitled to receive $2.75 per share in cash, without interest, for all of the shares of our common stock that you own at the time of the merger. What is important to me are the chances of this merger actually happening. The current stock price would indicate that most investors probably don't think this merger will ever come to fruition, and there's good reason for their skepticism. Nyx Acquisitions, Inc. has already extended the closing date of the merger a few times and investors are worried that Nyx won't be able to swing the financing or that they may back out of the deal. But, I think differently. With each extension of the merger closing date, Nyx is basically required to pay an ever-increasing, and non-refundable, extension cost to Image referred to as a "business interruption fee". After news today of another reported extension, the amount of extension money Nyx has paid to Image now totals $4 million. I bought DISK because I believe NYX wouldn't just walk away from such a large deposit if they weren't truly intending to buyout Image. It's difficult finding financing at this time, but not impossible. The merger date may be postponed again, but I think that that it's a done deal sometime in the near future. Of course it's all speculative, but when it happens, I should more than double my investment in this arbitrage opportunity. If it doesn't happen, Image Entertainment, Inc. would be "sitting pretty" with a free cash infusion of at least $4 million. |
| Wed, Apr 01, 2009 |
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Maybe not the smartest to bet on a merger but (DISK, rated BUY)
In this economic climate merger investing is a sure way to guaruntee low returns, if not negative returns. Here's why.
Companies rarely have the capitol themselves to complete a notable merger. Those who do (such as if Microsoft were to buy a much smaller company) then the merger would be a good bet, but at the same time, the price of the intended buyout stock would be close to the buyout price because stock investors would have seen that the deal is likely and therefore bought and sold accordingly.
Buyouts which rely on a company taking on debt and/or borrowing capitol to complete the merger is much less likely to be completed in this economic climate because of the credit crunch, or simply, that banks arent lending enough money and if they are, are lending to companies with almost guarunteed chances of remaining solvent and able to repay what they borrowed.
Therefore, when two companies agree that one will take over the other in an "all-cash" deal, or a deal in which the target companies stock will be bought by the other company for an agreed-upon price, than there are many factors which can derail such a merger before it is completed. The more Wall St. thinks that the deal is likely to fall apart, the farther away the stock price is from the "buyout price". this gap in price is called an 'arb spread'. As you can infer, the higher the spread, the less Wall st. thinks the deal will go through.
In the case of Image Entertainment's pending buyout by Nyx Aquisitions, there is an arb spread that is well over 100%. This would normally be a double--hell, even triple red light to most investors who dont like ultra-risk to stay away from DISK. However, there are a couple of reasons that this is an opportunity that looks appealing.
I wont go into the EPS figures or Valuation of the company right now, i am saving that for a future post, this post serves to highlight the risk-reward issue for the merger.
There are two reasons why i am drawn to this pick. The first is because of the fact that the companies, both Nyx and Image are determined to get the deal completed. They believe they need each other and are truly intent on finalizing the merger. There have been numerous extension dates granted to Nyx to come up with the capitol to fund the transaction and each time there has been an investment by Nyx in the amount of millions of dollars into the account which holds the capitol to be paid out in the event the deal is nixed. (if the deal falls apart as a result of one companies actions, the other gets paid money from this account as a compensatory measure. it's not much, but it shows that Nyx believes it can honestly come up with the needed capitol. otherwise they wouldnt just be throwing millions of dollars away). Secondly is the fact that the merger has been agreed to by the shareholders. there is nothing from a shareholder standpoint that can block this merger. The only issue here is capitol to be raised by Nyx.
The one con in this deal is the lack of transparency with regard to just how close nyx is to raising the capitol. it is unclear whether they have 25%, 50% 78% or even 90% of what is needed.
But, i think that the arb spread of over 100% is very appealing on a merger that is more or less a "wait and see on the capitol to be raised" front. That is why i got in on DISK at 1.33.
Make an informed decision on this one. If you want you can wait for my post on the valuations on the stock, but if you're considering an investment in real life, assess how much risk you can accept in this volatile market, and then make a decision.
Happy and safe investing,
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SocialPicks
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More Blogs
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| Fri, Aug 10, 2007 |
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The Reel Facts on Faith, Film, and the Future of Hollywood - Destiny Worldwide Entertainment
(AACB)(DWA)(DISK)(IMAX)(LGF)(PIXR)(RGC)(WON)(WPTE)(RENT)(DIS)(CBS)(TWX)
Interview with
Film Producer and Founder of Destiny Worldwide Entertainment Bill Hillman
Interview excerpts -
When Destiny Worldwide Entertainment was created, we realized there were no film companies in Hollywood that were committed to building God’s Kingdom through entertainment. The ratio of R rated films verses G or PG rated films was outrageous and continues today. We set out to convince investors, distributors and theater owners that the public would come to see good films with strong story content that were entertaining without the usual blood, sex, violence, nudity and crude subject matters, and that the bulk of Hollywood films no longer stood as a guideline for children. Teaching morals, honesty and faith seemed a distant memory and yet as we surveyed audiences from all over the world, we discovered a global hunger for what has been called “old fashioned films” – films with great stories that provide pure entertainment values.
We felt if the major companies were not building a core family audience, we would. We should be responsible for what children and families are watching and we wanted to make a difference. We set out to create a Hallmark product – one that would become instantly known for its family product and entertaining family films – thus Destiny Worldwide Entertainment was formed. We know in our hearts that all of God’s children must replenish in their chosen fields and we understand how films and home video products can manipulate young minds. If we are to plant good seeds that will feed and nurture young minds – we have to find a way to entertain them as well. Is it possible to make a film that contains moral values, that does not contain violence, sex, nudity or crude behavior yet provide excitement, joy, thrills, and laughter and still be thoroughly entertaining? We said yes! Yes this is possible and we set out to prove it.
As we made our first couple of films we discovered well known actors and actresses enjoyed working for less money on projects aimed for the whole family. Our first film, “The Adventures of Ragtime,” starred Shelley Long, Jay Thomas, Justin Cooper, Perry King, a very talented miniature horse and a host of other well-known actors and actresses. Our second film, “Quigley” starred Gary Busey, Christopher Atkins, Curtis Armstrong and Oz Perkins, along with yet another group of well-known actors and actresses and a very talented dog. Both films are now being distributed around the world.
It's not just Hollywood, but now churches arerealizing how many people can be reached in one night in a film, televisionshowing or DVD rental. It's truly amazing to think about reaching out toplant seeds, do it within the body of entertainment, and go to sleep atnight knowing you had reached "someone.
When Christian Retailing got behind us on Quigley and The Adventures ofRagtime, we realized the hunger for quality projects is alive and well. When a small, direct to video film attracts audiences all over the world and sells over half a million DVD's, that hunger for moral and family-friendly projects is overwhelming. It tells us there is a continuing audience for films that tell stories, entertain, and avoid preaching - so the film medium has a multitude of lives - first theatrically, then DVD home video and finally television. Showtime and HBO have shown Quigley continuously overthe last year - worldwide.
We all know the G and PG rated films live on basically forever. Unlike R and PG-13 films, the G and PG rated film has a continual life that recycles itself.
When we chose A Choice To Cherish as our next project, we discovered how wonderful the storyline was. It's a great coming of age story with religion as a backdrop and not a subtle one at that. You don't feel you're being preached at, and still you come away from the book and the about to be produced film with a new understanding.
We always approach the private sector for investments and we do it for many reasons; control of the project so it will remain true to the originalsource to give the investor a positive role in accomplishment and pride, and to provide the investor with a sense of doing the right thing for many people. When investors leave a legacy of doing something they and their loved ones will be proud of for many years, there is a feeling deep insidethat no amount of money or accomplishment can duplicate.
Most of our projects involve many people from all walks of life, as we always provide information, open books and constant communications. Making films is fun, can be very profitable and provides a boost in self-esteem.
How many times have we read over the past year or two, professional basketball, baseball, and football players are investing in films? Firstyou ask yourself why? The answer always comes back that they wanted to say something and couldn't think of a better way to reach the population than through the media, a film or DVD.
We enjoy sharing, both the glory and the profit to make the process a win-win every time we produce a film. The other day someone asked me how we make films and use investments. I told him we usually use small minimums so virtually all qualified investors can participate with minimal risk, and all those who participate can always come to the set, see how the process works, take pictures, feel involved, voice opinions, and come away feeling like it is their project - something they are very proud of.
We always provide an information package that usually answers most questions. We actually have had some investors that leave the profits to their charity where more seeds are planted to spread the word. We enjoy talking to people, answering questions, and hoping they will one day realize that film production is more than just making a film. If the story is powerful, has true meaning and the ability to educate and entertain, then the film will live, breath, and reach the populace one way or another.
We would hope all of your listeners would entertain the idea of film production participation. Reach out and find those doing good things and ask how they are getting involved. The stock market has great flexibility, some young start-up company's work, some don't, but in the low-budget filmmaking process, few films fail when the story has meaning and the project is well done. We thrive on strong casting, creating commercial music scores that move the soul, and communicating with Christian outlets to let them know we are coming.
If any of your listeners wish to explore or learn more about film making and participation, they can always talk to us, as we will be happy to answer their questions. Our goal is to bring the Lord into the heart of people and do it through entertainment so they don't come through the door kicking and screaming. If they are moved, they ask questions. The more they seek answers to, the closer they come to building a faith that will last a lifetime.
Contact:
Bill Hillman 805-469-1999
DeWayne Reeves ct @ cfrn.net
Faith in Media Facts
- One dollar out of every eight invested in America is invested in Faith-based projects. A Quote from WorldNet Daily today, Friday, August 32, 2007.
- On August 3, 2007 Motive Marketing talked about the Faith Market. The number 1 & 2 best selling books were Faith-based stories. Christian book sales are expected to grow 15% this year. 20-years ago there was only a handful of Christian radio stations. Today there are 1,600. Movie Guide Magazine reports the number of religious themed films has skyrocketed over the past decade. The Dove Foundation reports that of the 2,380 films made recently, G-rated films yielded the highest gross profit $94 million on average while R rated films earned only $11 million on average. G-rated films generated eight times more gros profit than R rated films Motive Marketing states the film/video product mirroring the Christian music industry, is a booming market with more than $1 billion in annual sales. THE FAITH AND FAMILY MARKET IS A POTENTIAL GOLDMINE for films that can satisfy its demand for high quality entertainment and high moral values.
- Faith based films have grown. This is why 20th Century Fox created Fox Faith. Why Lions Gate has a new division for Faith based films. Why The Weinstein Company has jumped into the faith-based film market.
- Hit faith based films are:
Passion of the Christ
Luther
The Omega Code
Seven
Left Behind
Facing The Giants (funded by members of a church)
Flywheel (also funded by church goers)
The Cross and the Switchblade
Color of the Cross
The Chronicles of Narnia
The Ultimate Gift
Woman Thou art Loosed
- In late July The Dove Foundation stated: Hollywood is just beginning to grasp the fact that the appetite for the faith and family audience has barely been tapped. The future is bright, as long s the pot at the end of the rainbow (box Office) is full of gold and the way to insure that relies on families who will continue to support these wholesome films at the theaters and by bringing them into your homes on DVD.
- On May 15, 2007, News Max wrote: Hollywood’s Leap of Faith. There is a broad spectrum of people, different denominations, different theologies and different doctrinal beliefs, and Faith-based refers to a very broad diverse audience.
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| Mon, Aug 06, 2007 |
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Destiny Worldwide - The Reel Facts on Faith, Film, and the Future of Hollywood
(AACB)(DWA)(DISK)(IMAX)(LGF)(PIXR)(RGC)(WON)(WPTE)(RENT)(DIS)(CBS)(TWX)
Interview with
Film Producer and Founder of Destiny Worldwide Entertainment Bill Hillman
Interview excerpts -
When Destiny Worldwide Entertainment was created, we realized there were no film companies in Hollywood that were committed to building God’s Kingdom through entertainment. The ratio of R rated films verses G or PG rated films was outrageous and continues today. We set out to convince investors, distributors and theater owners that the public would come to see good films with strong story content that were entertaining without the usual blood, sex, violence, nudity and crude subject matters, and that the bulk of Hollywood films no longer stood as a guideline for children. Teaching morals, honesty and faith seemed a distant memory and yet as we surveyed audiences from all over the world, we discovered a global hunger for what has been called “old fashioned films” – films with great stories that provide pure entertainment values.
We felt if the major companies were not building a core family audience, we would. We should be responsible for what children and families are watching and we wanted to make a difference. We set out to create a Hallmark product – one that would become instantly known for its family product and entertaining family films – thus Destiny Worldwide Entertainment was formed. We know in our hearts that all of God’s children must replenish in their chosen fields and we understand how films and home video products can manipulate young minds. If we are to plant good seeds that will feed and nurture young minds – we have to find a way to entertain them as well. Is it possible to make a film that contains moral values, that does not contain violence, sex, nudity or crude behavior yet provide excitement, joy, thrills, and laughter and still be thoroughly entertaining? We said yes! Yes this is possible and we set out to prove it.
As we made our first couple of films we discovered well known actors and actresses enjoyed working for less money on projects aimed for the whole family. Our first film, “The Adventures of Ragtime,” starred Shelley Long, Jay Thomas, Justin Cooper, Perry King, a very talented miniature horse and a host of other well-known actors and actresses. Our second film, “Quigley” starred Gary Busey, Christopher Atkins, Curtis Armstrong and Oz Perkins, along with yet another group of well-known actors and actresses and a very talented dog. Both films are now being distributed around the world.
It's not just Hollywood, but now churches arerealizing how many people can be reached in one night in a film, televisionshowing or DVD rental. It's truly amazing to think about reaching out toplant seeds, do it within the body of entertainment, and go to sleep atnight knowing you had reached "someone.
When Christian Retailing got behind us on Quigley and The Adventures ofRagtime, we realized the hunger for quality projects is alive and well. When a small, direct to video film attracts audiences all over the world and sells over half a million DVD's, that hunger for moral and family-friendly projects is overwhelming. It tells us there is a continuing audience for films that tell stories, entertain, and avoid preaching - so the film medium has a multitude of lives - first theatrically, then DVD home video and finally television. Showtime and HBO have shown Quigley continuously overthe last year - worldwide.
We all know the G and PG rated films live on basically forever. Unlike R and PG-13 films, the G and PG rated film has a continual life that recycles itself.
When we chose A Choice To Cherish as our next project, we discovered how wonderful the storyline was. It's a great coming of age story with religion as a backdrop and not a subtle one at that. You don't feel you're being preached at, and still you come away from the book and the about to be produced film with a new understanding.
We always approach the private sector for investments and we do it for many reasons; control of the project so it will remain true to the originalsource to give the investor a positive role in accomplishment and pride, and to provide the investor with a sense of doing the right thing for many people. When investors leave a legacy of doing something they and their loved ones will be proud of for many years, there is a feeling deep insidethat no amount of money or accomplishment can duplicate.
Most of our projects involve many people from all walks of life, as we always provide information, open books and constant communications. Making films is fun, can be very profitable and provides a boost in self-esteem.
How many times have we read over the past year or two, professional basketball, baseball, and football players are investing in films? Firstyou ask yourself why? The answer always comes back that they wanted to say something and couldn't think of a better way to reach the population than through the media, a film or DVD.
We enjoy sharing, both the glory and the profit to make the process a win-win every time we produce a film. The other day someone asked me how we make films and use investments. I told him we usually use small minimums so virtually all qualified investors can participate with minimal risk, and all those who participate can always come to the set, see how the process works, take pictures, feel involved, voice opinions, and come away feeling like it is their project - something they are very proud of.
We always provide an information package that usually answers most questions. We actually have had some investors that leave the profits to their charity where more seeds are planted to spread the word. We enjoy talking to people, answering questions, and hoping they will one day realize that film production is more than just making a film. If the story is powerful, has true meaning and the ability to educate and entertain, then the film will live, breath, and reach the populace one way or another.
We would hope all of your listeners would entertain the idea of film production participation. Reach out and find those doing good things and ask how they are getting involved. The stock market has great flexibility, some young start-up company's work, some don't, but in the low-budget filmmaking process, few films fail when the story has meaning and the project is well done. We thrive on strong casting, creating commercial music scores that move the soul, and communicating with Christian outlets to let them know we are coming.
If any of your listeners wish to explore or learn more about film making and participation, they can always talk to us, as we will be happy to answer their questions. Our goal is to bring the Lord into the heart of people and do it through entertainment so they don't come through the door kicking and screaming. If they are moved, they ask questions. The more they seek answers to, the closer they come to building a faith that will last a lifetime.
Contact:
Bill Hillman 805-469-1999
DeWayne Reeves ct @ cfrn.net
Faith in Media Facts
- One dollar out of every eight invested in America is invested in Faith-based projects. A Quote from WorldNet Daily today, Friday, August 32, 2007.
- On August 3, 2007 Motive Marketing talked about the Faith Market. The number 1 & 2 best selling books were Faith-based stories. Christian book sales are expected to grow 15% this year. 20-years ago there was only a handful of Christian radio stations. Today there are 1,600. Movie Guide Magazine reports the number of religious themed films has skyrocketed over the past decade. The Dove Foundation reports that of the 2,380 films made recently, G-rated films yielded the highest gross profit $94 million on average while R rated films earned only $11 million on average. G-rated films generated eight times more gros profit than R rated films Motive Marketing states the film/video product mirroring the Christian music industry, is a booming market with more than $1 billion in annual sales. THE FAITH AND FAMILY MARKET IS A POTENTIAL GOLDMINE for films that can satisfy its demand for high quality entertainment and high moral values.
- Faith based films have grown. This is why 20th Century Fox created Fox Faith. Why Lions Gate has a new division for Faith based films. Why The Weinstein Company has jumped into the faith-based film market.
- Hit faith based films are:
Passion of the Christ
Luther
The Omega Code
Seven
Left Behind
Facing The Giants (funded by members of a church)
Flywheel (also funded by church goers)
The Cross and the Switchblade
Color of the Cross
The Chronicles of Narnia
The Ultimate Gift
Woman Thou art Loosed
- In late July The Dove Foundation stated: Hollywood is just beginning to grasp the fact that the appetite for the faith and family audience has barely been tapped. The future is bright, as long s the pot at the end of the rainbow (box Office) is full of gold and the way to insure that relies on families who will continue to support these wholesome films at the theaters and by bringing them into your homes on DVD.
- On May 15, 2007, News Max wrote: Hollywood’s Leap of Faith. There is a broad spectrum of people, different denominations, different theologies and different doctrinal beliefs, and Faith-based refers to a very broad diverse audience.
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