Diluted EPS growth of 68%. The buyback have packed a decent punch in making those remain shares on issue (both VRLPA and VRL) more attractive from the EPS perspective.
Top line numbers are pretty reasonable, and the market seems to like it (hard to do these days even with a good result)
Production still add variabilty to the results, but with every movie produced we get closer to an annuity from the libary rather than a "hit a miss" on single title or small catalogue production. It's this Ad hoc production that has a bad name as an investment.
Current product is #2 (constantine) and #6 (Oceans 12 at the later stage of run) in the International total market http://www.boxofficemojo.com/intl/weekend/2005/07.htm
Which is required to balance other product like Crapwoman.
Final note - price war in exhibition will be of interest, VRL still forecasting $41ishM from $31.5M achieved in the 1st half
VRL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held