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Mad Catz Interactive Inc. Message Board

  • hopeful200 hopeful200 Jun 6, 2013 4:29 PM Flag

    not bad at all

    I've hung in here this long....not leaving on this report. My personal expectations were really low (not as low as my buddy, uptab's) and they beat them.....the future looks very adventurous, IMO. I'm glad to see the balance sheet cleansed of the remaining goodwill associated with the Saitek acquisition....and the balance sheet looks good is really clean as a whistle with more than ample net working capital, no long term debt, a good level of inventory, and as low a draw on the bank loan as I recall. The balance sheet reflects better health than I've witnessed in a very long time......a good place for the new CFO to pick up. I'm usually running against the herd, but this report was considerably better than I expected. Of course, the CC will be important. IMO, Hopeful

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    • I "second" everything you just said. Those selling afterhours are fools.

      I will be buying lots of shares over the next week or so.

      I love the M.O.J.O. project and the fact that they are "going for it"....and developed it on the quiet. Could be huge....could be nothing....but adventurous indeed. Also love that they cleaned up the balance sheet, it is now a thing o beauty.

      Future is bright.

      • 2 Replies to uptabdowntab
      • So far, anyway, only 1300 shares have traded after hours. I don't much care what happens tomorrow. IMO, it is all setting up nicely for the patient. The comparisons are going to be great next year, so we should get a pretty explosive run once the new product line sales kick in. I'll say it again; all one needs to consider is the long term chart and the seesawing stock price; MCZ either goes belly up (unlikely) is sold or goes to a buck fifty and higher as a product cycle manifests itself . It is going to be easy to get a buck out of the stock, and I intend to build my position this year as I wait. Full disclosure: 175 K shares and growing.

      • Althoiugh I wish (as always) that there would have been some big upside surprise, I think this report is 'neutral' at worst. If you look below the surface and see that the main difference WAS the balance-sheet cleanup and worrants, the picutre looks a big better.

        Sentiment: Buy

0.2011-0.0027(-1.32%)Oct 21 4:00 PMEDT