Marvel Entertainment (NYSE:MVL) is one lumpy bowl of gruel. If you can't take the thick times with the thin, you're better off with a more dependable stock. Our Income Investor team can help you out with rock-steady, boring picks like Johnson & Johnson (NYSE:JNJ) or Sysco (NYSE:SYY).

That just leaves more of those delicious lumps for us Marvel shareholders to enjoy. Right now, the company is in between major releases and the second-quarter results are on the thin side. DVD sales and international theater releases of last year's hits Iron Man and The Incredible Hulk are trailing off; X-Men Origins: Wolverine was never expected to set the world on fire (though it has pulled in more than $360 million in worldwide ticket sales); and Iron Man 2 just wrapped its shooting schedule.

Despite the lack of obvious current hits and a global recession, Marvel collected a respectable $116 million of revenue and $0.37 of earnings per share. Management used incoming cash from Iron Man sales to pay down its debt -- and to finance the sequel. The gutsy financing facility that enabled Marvel to take control of its financial future a couple of years ago no longer looks necessary -- because it is paying off in spades early on.

Iron Man 2 is the next big release on Marvel's schedule, slated for a May 2010 premiere. Because it's a fully Marvel-owned production, the profits from this probable blockbuster will roll straight into Marvel's coffers. The movie also kicks off a four-part story arc that includes Thor and Captain America in 2011, leading into a full-fledged The Avengers movie in 2012. These are brand-name superheroes, folks.

Marvel doesn't need financial muscle from News Corp's (NASDAQ:NWS) Fox Studios, Sony (NYSE:SNE) Pictures, or General Electric's (NYSE:GE) Universal Studios anymore. Spider-Man 4 is the only co-production on Marvel's upcoming slate, and all the rest is Marvel's alone. And besides Walt Disney's (NYSE:DIS) Pixar geniuses, I can't think of a studio with a more impressive track record than Marvel's.

So I'm happy to sit through the slow quarters, quietly buying more stock if I ever see it dropping. Those fat, juicy lumps are coming -- and they're worth the wait.

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.