TTWO - Take-Two

[Hobbes80]

About Take-Two Interactive Software

Headquartered in New York City, Take-Two Interactive Software, Inc., is a global developer, marketer, distributor and publisher of interactive entertainment software games for the PC, PLAYSTATION®3 and PlayStation®2 computer entertainment systems, PSP® (PlayStation®Portable) system, Xbox 360® and Xbox® video game and entertainment systems from Microsoft, Wii™, Nintendo GameCube™, Nintendo DS™ and Game Boy® Advance. The Company publishes and develops products through its wholly owned labels Rockstar Games, 2K Games, 2K Sports and 2K Play, and distributes software, hardware and accessories in North America through its Jack of All Games subsidiary. Take-Two’s common stock is publicly traded on NASDAQ under the symbol TTWO. For more corporate and product information, please visit our website at www.take2games.com.

[MindOverMarkets]

I would stay away, stay FAR FAR AWAY!

The reason why they are so low is because they blew away the analysts with their increased losses despite higher revenue. They are always in trouble for Grand Theft Auto, are losing money like crazy, and are the most poorly managed Video Game maker...

The shorting will increase on this stock, and you may see a small bounce, but this stock will go no where but down. Broke $15 support with the horrible QTR... This stock deserves to be under $10, and even then it would be overvalued!!!

[Hobbes80]

While I don't disagree that this has a LOT farther down to go, with a management restructure (which these new prices should force) this could eventually be a great company to own.

I think come the holiday season, with the PS3 being released and their new titles being released, if they restructure appropriately, they could do really well.

Thanks for the feedback. Still gonna watch them for a while.

[MindOverMarkets]

SHORT, now you're talking, I was shorting this into earnings and covered into the sell off under $15. Yum...

[nukenick]

I agree with you guys when you say that this is a poor company that deserves to have a sub $10 price. But this is a story stock; and the next chapter GTA 4 comes out in Oct 2007. maybe some LEAPs are a good way to play this one . I remember when San andreas came out I had to goto EB Games 3 times before I got a copy. I can't see that with GTA 4 arrival date nears that you could have a $10 stock still.

http://www.gamespot.com/pages/tags/i...d+theft+auto+4

cheers
nick

[nukenick]

a 20 JAN 08 call costs .75 a contract. just FYI

[kabiri]

Dropped alot On firday Is it a good time to buy

[kabiri]

does anyone like this i am really likeing it

[JeffB]

I wouldn't buy anything but puts or if you don't trade options then I would short the stock outright. This thing is a train wreck. Look at this news release:

Shares of Take-Two Interactive Software Inc. fell as much as 11 percent on Friday, after it issued a warning for the remainder of its fiscal year and gave investors other bad news to chew on.

The New York-based company is known for its innovative and controversial video games like the "Grand Theft Auto" series as it is for its ongoing financial, managerial and regulatory missteps.Take-Two on Thursday warned that analysts' consensus per-share earnings target for its fiscal third quarter ended July 31 was too high, even before any potential financial impact resulting from its internal option grant investigation.

The video game maker also cautioned that its fourth fiscal quarter revenue and earnings would be below expectations and that it received more subpoenas concerning its stock option grant practices.
Analysts, who lowered estimates to reflect Thursday's news and expressed concerns about fiscal 2007, said there is no middle ground with regard to investors' views on the stock.

"We believe that (Take-Two's) report will be received as most (Take-Two) reports have been received in the past six quarters: as a binary event," American Technology Research analyst Paul-Jon McNealy said in a client note on Friday.

McNealy said investors who believe in the value of the "Grand Theft Auto" games will take Thursday's news as "temporary noise" and would probably be willing to hold on to Take-Two shares for the next 18 months, through the next installment of that franchise.

"Other investors will likely continue to be dismayed by the lack of transparency ... within (Take-Two's) business in the near-term, never mind longer-term, and won't want to touch this stock," said McNealy, who trimmed his estimates for fiscal 2006 and 2007 but reiterated his "buy" rating and $20 price target.

BMO Capital Markets analyst Edward Williams said the company continues to struggle through a transition to next-generation console technology that has weakened sales at the same time that it is hampered by ongoing investigations.

Still, he said, once Take-Two gets beyond each it should be well-positioned to take advantage of the industry's next growth cycle.

Janco Partners analyst Mike Hickey recommended that investors with "high risk tolerance" buy the shares "despite the spiraling chaos of continued bad news."

In particular, he pointed to missed execution from management, a lack of financial guidance and multiple investigations appearing to focus on stock options.
"You can expect near-term market noise to potentially include management criminal investigations, historical financial restatements, and possible share delisting," said Hickey, who lowered his price target from $22 to $18.

Take-Two also said on Thursday that it pushed back the release of a Rockstar title for the PlayStation Portable, which had been slated for a fourth-quarter release. It will also be late in delivering regulatory filings covering its fiscal third-quarter results.

[MindOverMarkets]

Listen people I don't think you guys understand how bad of a company this is!

Let me break it down for you because products don't matter if the company is run by monkeys!

Take Krispy Kream Doughnuts, GREAT DOUGHNUTS! Amazing, the product is superior to its competition in every way, but look at the company (KKD) Horribly run, had a short run when they started, but people saw that they only made money in franchising fees, and there branches started running out of business. BAD MANAGEMENT.

Now look at McDonalds. I wouldnt even consider what they sell as food. But the company is management can be considered excellent. They have made it through thick and thin.

Now with TTWO, I think you guys have played some of there games (IE. Grand Theft Auto) and think the stock would be a great investment! Quite the opposite!!! While I agree with the fact that the GTA series and all TTWO games are great games (to gamers), they have run into a great deal of trouble with the law with the games. They are getting sued just about every month, on top of which they have had numerous internal problems. So what makes the fundamentalists want to buy this? My guess is a couple of bong hits, and a few hours of killing cops on GTA.

Now for the technicians... Just look at the chart, and tell me, is this not one of the best downtrends ever? You should have taken the opportunity to sell (short) high, and buy back now.