Ever since 2016 arrived, it brought on a massive sell-off that broke some of the hottest growth stocks out there. And even after the rally earlier this week, Jim Cramer said many of these stocks remain troubled.
One of those stocks is Lions Gate Entertainment, the movie and television production company behind "The Hunger Games," "Mad Men," and "Orange is the New Black." For years this stock has been on fire, thanks to the endless wave of hit movies and TV shows.
Lions Gate stock more than tripled in the five years leading up to Nov. '15, and Cramer considered it to be one of the greatest growth stocks of our era. But when 2016 rolled around, the stock went into free-fall and has plummeted nearly 40 percent in less than two months.
"In a way, Lions Gate has become like a pharmaceutical company whose drugs are about to go off patent," Cramer said. (Tweet This)