Take 2 quarterly results:

http://ir.take2games.com/ReleaseDetail.cfm?ReleaseID=263379

@Powertrade,

Great find on this article Powertrade, it looks like Wall St. is really starting to pay attention to the SimExchange. Unless I missed something this is the first article from a financial site to cite our predictions. The SimExchange is mentioned repeatedly in this article and they even quote the analysis of Jesse Divinich, kudos for the great write up!

On a side note I still don't like TTWO.

@Powertrade,

I have to agree with Deltaneutral's opinion on TTWO. Although the stock has fallen by a huge amount, along with a lot of other stocks in this crazy market, I wouldn't want to own this for any more than a quick trade.

I also believe that Deltaneutral is right when he says this stock is really a play on whether their new management can turn around what has been historically a very inconsistent and troubled company. Right now all we've really seen of the new management is them reaffirming an October release for GTA IV in their last earnings conference call on June 11th and now less than two months later they announce GTA IV is delayed till 2Q 08.

One could blame the collapse of TTWO on the GTA IV delay or the last SEC investigation notice, however I believe a main reason the stock is falling is because the market is quickly losing confidence in their new management since it appears even though the names are different not much has changed. The street wants to see results now, and TTWO will have little to show for the next few quarters and will almost surely revise their estimates lower.

As far as their games go, Bioshock is probably their one bright spot this year but it will not be enough to make up for the loss of GTA IV and Manhunt, as well as the disappointing numbers for All Pro Football. Even though a GTA IV delay may not affect it's overall lifetime sales as predicted by the SimExchange, it's still emblematic of the problems that constantly swirl around TTWO. Overall there's just not enough here to make me want to own this stock and unless they get bought out I don't see this stock returning to it's highs anytime soon. I believe there are other stocks which are a more compelling way to play the video games industry than TTWO, which I consider a coin flip at this point.


@Deltaneutral,

NTDOY and NCTY remain as the two video game stocks that I own, making up about 15% of my portfolio right now. I still like both stocks although NCTY has absolutely been killing me lately. I've started to add to some of my positions in this brutally wild market but it's been really rough. It would be interesting to hear what you or others are doing.