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Majesco Entertainment Co. Message Board

  • afcassidy afcassidy Jan 15, 2013 9:37 AM Flag

    This is silly...

    Are we seriously down to $0.68?? LOL

    Flat earnings and $30 million in cash. And the market cap is now what... BELOW the cash the company has in the bank? This will be back to a dollar in a couple weeks.

    I'm going to average down and then set this stock aside until March.

    Sentiment: Buy

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    • I'm wondering if these guys may even close down. Perhaps they can't even compete in their bread and butter industry anymore, consoles. They can keep their doors open and operate on a very light operating level just to keep the family income coming in and in case they magically come up with another blockbuster, great, else they just hum along at a low operating level.

    • i totally agree with you.if someone buy cool stocks at this current price level in the near future that folks are able to sell off cool at dollar buck.

    • Do you not understand that Majesco just completed Q1 of 2013? The first quarter (i.e. Holiday season) is always their strongest quarter and they announced that sales were off more than 50%! This is called God awful guidance... video game stocks are even more forward looking than most. If you really think this is a "buy" based upon cash on hand and backwards looking sales then you truly deserve to lose everything.

      Not only that, the financials show that nearly all their revenue was derived from 1 title- Zumba. The other successful title they had (i.e. Cooking Mama) is not even slated for a follow up release in 2013. All of the company's titles released since 2011 holiday season have absolutely bombed! Management further states that they are downsizing and sitting on their cash until they know what is popular on the next gaming consoles. Do you know what this means? The upcoming year is going to be disastrous as they are not even competing and developing.

      Lastly, if you think investments should be made in companies that have cash, poor sales, poor guidance in a shrinking sector then you are right.... this company is for you. Just how old and inexperienced are you at this??????

 
COOL
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