I'm not liking this 20% decline in a week. I'm starting to feel my hands get weak. I'm starting to think Saint's Row 3, is not selling as well as being reviewed? Hard competition with Skyrim and Modern Warfare. Looks like we will test 1.70's again. I'm disappointed here.
I think that would be an opportunity to add more shares. The street is looking for viable AAA franchises from THQ. When I say AAA franchised, I mean as perceived by the industry, not named by THQ. We'll see how sales go, but Saints Row seems to have finally become perceived as a AAA franchise. With the IGN review of WWE, it seems like that franchise has been reinvigorated and regained it's AAA status. Those two AAA franchises can now be an anchor for earnings. The company's guidance was for -$.20 to $.10 for FY 2012. A company that earns at best $.10 a share without visible growth hardly justifies much of a share increase. That's why the stock has remained range bound. The WWE news was huge for me. It proved they can execute with fighting games. Any analyst, that is truly looking forward, would have to see the UFC title due Q4 and realize that the quality in that title will probably also be excellent. This will also be perceive as another AAA title. Those are the seeds of growth and share appreciation. Just wait, an analyst will catch up one of these days.