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Here are highlights from Monday's Analyst Blog:
Hasbro Scores With Transformers
The extremely strong opening delivered by the Transformers movie sequel could bode well for Hasbro's (NYSE: HAS | Quote | Chart | News | PowerRating) sales in the coming months.
The film, Transformers: Revenge of the Fallen, racked up domestic ticket sales of more than $200 million in the 5 days since its opening on Wednesday. This financial performance exceeded expectations, and narrowly missed setting the record for 5-day revenues set last year by the Batman sequel, The Dark Knight.
Owning the brand upon which the movie is based provides Hasbro with several benefits that could give it an advantage relative to peers such as Mattel (NYSE: MAT).
Medivation - Dimebon Launch in 2012?
Medivation Inc. (Nasdaq: MDVN | Quote | Chart | News | PowerRating) reported first quarter 2009 financial results following the market close on May 11, 2009. Revenue came in at $16.34 million, exactly where we had it modeled. Revenue consisted solely of collaboration revenue from Pfizer (NYSE: PFE). EPS was ($0.19), significantly ahead of our forecast of ($0.34), due to substantially lower-than-expected operating expenses.
Pfizer makes quarterly true-up payments to Medivation as reimbursement for a significant portion of Dimebon-related development and commercialization expenses. In the first quarter 2009, Pfizer made a $5.8 million true-up payment to MDVN, which is reflected as a reduction in operating expenses - approximately $5.4 million of the true-up payment hit the R&D expense line-item.
Raser Technologies (RZ) Update
Raser Technologies (NYSE: RZ | Quote | Chart | News | PowerRating) is gradually transforming itself from a developmental stage company to an operating geothermal power producer, although not a "pure play".
Looking forward, this yet to break-even company will likely transform its barren financials through the commencement of production at its first geothermal plant in Utah, purchased power agreements (PPAs), turbine deliveries, extension of the production tax credit (PTC), in addition to Symetron's progress in its SUV demonstration vehicle and heavy duty alternators.
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