Although the studio's "Twilight" movies have broken all kinds of box office records, can Lions Gate Entertainment stock continue to rise as the franchise comes to an end?

"Fast Money" trader Guy Adami thinks it can.

Shares of Lions Gate have surged 86 percent this year, in part due to the success of the studio's "Twilight" films.

The first four movies have grossed more than $2.5 billion at the box office, but the franchise is coming to an end.

The latest film, "Twilight: Breaking Dawn Part 2," is the final installment in the saga. Although reports suggest the film could break all kinds of box office records, the Bella-Edward-Jacob love triangle draws to a close.

Nonetheless, Adami — who is managing director of stockMONSTER.com — doesn't think that's a reason to fear this stock.

Lions Gate has a strong pipeline, said the trader. Among their many films in production is the follow up in another blockbuster franchise — "The Hunger Games."

Lions Gate is also behind the hit TV shows "Nashville" and "Weeds." And it is massively deleveraging the balance sheet from $1 billion of debt to about $500 million in about two years.

And in a live interview on CNBC, Lions Gate Chairman Michael Burns told "Fast Money" some of that money could go to a small dividend.

"We are going to spend our money on what we consider to be the best use of capital for our shareholders," he said. "Could we pay a small dividend? Sure we could."

Also, Burns did not rule out another "Twilight" film.

"A follow up would be up to 'Twilight' author Stephanie Meyer — however we are hopeful that she would consider another set of books," he said.

All told, stockMONSTER.com's Adami likes the stock. "Lions Gate stock sold off recently," he said. "At currently levels, I'd own it." Top trader Jon Najarian agreed.

—By CNBC's Lee Brodie

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Trader disclosure: On November 15, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders; Karen Finerman Is Long AAPL; Karen Finerman Is Long JPM; Karen Finerman Is Long WMT; Karen Finerman Is Long TGT; Karen Finerman Is Long MSFT; Karen Finerman Is Long GOOG; Karen Finerman Is Long M; Karen Finerman Is Long FL; Karen Finerman Is Long JCP; Jon Najarian Is Long AAPL; Jon Najarian Is Long TGT; Jon Najarian Is Long FB; Jon Najarian Is Long LGF; Jon Najarian Is Long RHT; Jon Najarian Is Long GRPN; Jon Najarian Is Long CCL; Jon Najarian Is Long LRCX; Jon Najarian Is Long GLOU; Jon Najarian Is Long STSI; Jon Najarian Is Long CME; Jon Najarian Is Long CBOE; Guy Adami Is Long C; Guy Adami Is Long GS; Guy Adami Is Long INTC; Guy Adami Is Long MSFT; Guy Adami Is Long AGU; Guy Adami Is Long NUE; Guy Adami Is Long BTU; Steve Grasso is long ACI; Steve Grasso is long AET; Steve Grasso is long ASTM; Steve Grasso is long AUO; Steve Grasso is long BA; Steve Grasso is long BTU; Steve Grasso is long CLF; Steve Grasso is long F; Steve Grasso is long LF; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long P; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long WYNN

CNBC.com with wires.