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3DO Company (THDOQ) Message Board

  • amir_houchang amir_houchang May 1, 2002 6:43 PM Flag

    THDO Upgrade

    THDO will be apgrade next week;
    From HOLD to Buy or maybe Strong BUY.
    GL
    AHF

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    • hey guys! i am new to this board... looking at historical prices why is this stock stuck in a trading range below $ 1 ?... thanks

      • 1 Reply to gabbyr4
      • They spent HUGE on R and D the last 5 years, have had a loss all of those five years, have not shown a profit, and just recently have had higher sales, cut back on R and D, paid off their debt, let go of about half their staff, hired a NEW CFO, and we are all looking for a 'much brighter' 10K, and 10Q coming up as the quarter and fiscal year ended 3/31, so 5/15 approximate, is when the news and the report comes out on 3do's financials hopefully showing a recovery from their recent drop. Their last report I believe sometime in January, 'nuked' the stock under $1, because it showed too much loss in profit, (Loss per share) too much expense, too much labor, and not enough growth, so pubic faith was shot, and confidence lost, until HIGH HEAT 2003 CAME OUT, Heroes of Might and Magic IV came out, Might and Magic 9, Army men RTS,(They all came out this last quarter) the new CFO got hired, SALES SKYROCKETED, some of the games (HEROES) shot to the top of the charts, one of their locations let go (NEW WORLD COMPUTING), about 1/2 their staff and payroll let go, and the hope that the next quarterly and yearly will shine much brighter than any before it for 5 years, at which time, many of us feel the stock will ZOOM over a $1 for good, hopefully to $3, (where it was about a year ago), stay there, and proceed to go higher as long as good games come out, strong profit, (stronger), and less expense. Whew.
        I'm no expert, but that's the best I can tell you. Perhaps, others would like to disseminate further on the topic. I for one, have already sold 46,000 shares last month, making an $11,000 profit, hold 50,000 shares at about .78 now, and am waiting for the financials. With all this they still have 16 to 18 million in the bank consistently, if not more, with no debt, so profitability looks better. Or something like that. Corrections from resident savants and geniuses welcome, without the abuse, please.
        I'm Out.
        Farley