What I'm Trading
Monday, May 10, 2010
The New IRON MAN 2: TOY STORY 3
In my neverending quest for value, I began to worry after the wild success of having shorted IRON MAN 2 before this opening weekend. Where would I find my next big score? Would there be anymore golden geese to lay golden eggs I could find ahead of the market?? Ladies and gentlemen, I give you...TOY STORY 3.
Ah...there's more than a snake in Woody's boot! Currently trading around $355, TOY STORY 3 may be even more grossly overvalued than IRON MAN 2 ever was, if you can even fathom such a premise. The original TOY STORY made $191 million domestically over the life of its run. TOY STORY 2 made over $245 million over the life of its run. Ten years ago. Even if you adjusted for inflation, TS2 would've made that $380 million of 2010 dollars in 143 days. Get the theme here?
Although a month removed from the premiere of SHREK: THE FINAL CHAPTER (or whatever they're calling it this week), TS3 will be hard-pressed to crack $200 million in 24 days, let alone $300.
I hate to go to the well again, but here goes my bucket: Only four films in the history of Hollywood have grossed $350 million in their first 24 days. DARK KNIGHT, AVATAR, PIRATES 2, TRANSFORMERS 2 - that's the list. Now SHREK 2 managed $353 million in 26 days. But it didn't take a decade off between its predecessor either like TS3.
It's quite alright. Plenty of room on the bandwagon. Get TOY SHORTY today.
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