Open Question
Jim,
At first I'd like to thank you for the great work you do.
I have a question regarding TTWO. Why do you dislike it? I know it is volatile,
but the company delivers quality games and with GTA4 coming out in the spring(?)
we have a safety net there. It is highly unlikely that GTA4 would not become a
huge hit. TTWO is on my shopping list if I can get it for less than $14 a share.
I see minimal downside and a probable +50% profit ahead. What am I missing?
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Thanks for replying Michael Morse. The income statement and balance sheet do not
look convincing. It has been quiet for TTWO for some time now without a major
release and even though Bioshock is a respected game, it is not a huge seller.
My naively optimistic thinking has been "never mind the financials or the
management, GTA4 is going to be bigger than life, you cannot go wrong with that
and even the hype on its own will lift the stock up significantly". What kind of
an impact will a future hit like GTA4 have on TTWO's financials then? What do
you expect to see on the income statement in 2008? Is that enough? What is
enough?
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even the income statement and balance sheet are scary.
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whens the last time you looked at the key statistics in
yahoofinance.com......this stock is going out of business, it just hasn't
realized it yet.
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