Monday, December 12, 2016

Jemaine Clement - HSX Pick of the Day for December 12, 2016

Jemaine Clement, star of Flight of the Conchords, provides the voice of Tamatoa in Walt Disney's Moana, a film that has topped the box office in each of its first three weeks of release, earning $144.7 million through Sunday, December 11th.  Assuming a very conservative $10 million in gross in its fourth week, the film would adjust to $155 million.  Moana will replace What We Do In The Shadows  in Jemaine Clement's TAG, a film that grossed just $3,276,317.  As a result, JCLEM will adjust up by a minimum of $30.34, putting his price at $42.11, up from his current price of $26.59.

Even if Moana were to somehow make no additional money over its current $144.7 million, JCLEM would still adjust to $40.05, a big profit over his current value.

Recommendation: Buy JCLEM long.  After MOANA adjusts on December 20th, you would be wise to dump your stock in JCLEM.  While his next film to drop from TAG range, Misery Loves Comedy, grossed just $5,260, it looks to be awhile until Clement appears in his next film, which will likely cause the stock to drop until the release date of his next effort approaches.

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