Next gen demand for the Xbox One is in no way outstripping supply, at least not where I live. You can pick one up in almost any retail store or on any website and was even recently discounted $20 and I believe Wal Mart is offering them for $500 with one free game. PS4 is pretty easy to get too, but not as easy as the Xbox One. I still have my doubts on the success of this generation despite all the hype. Now is the time that matters, at least until next holiday season, and the record setting launch might have been the hardcore and the slowdown may surprise many. I think analysts and others are still deluded by the numbers that the original Wii brought to the table last gen. That is not happening this time around IMO.
Astonishing but proves the point that the Street does not like and does not trust or believe Z. Kotick lowered pretty much all forward guidance but simply mentioned his pipeline and goes up by our total market cap. Our guy will tell us when he tells us and we should love him for that. Other thing BK has going for him might be that since he has a pretty big stake in the company, he will likely try harder than our boy, since our boy gets paid no matter what. Heads Z wins, tails we lose.
Hopefully they announce them for anytime in the next FY, April 1 or beyond so that they might give a strong full year guidance for next year. If they do that, we might actually see a sustained pop after earnings that doesn't fade. If that happens, we also might finally add a short squeeze to the program. I am far from counting on this happening as I know much better than to get my hopes up, but it sure would be nice to see. One more thing in our favor, it will not be an option expiration period.
Icahn would have pushed for a sale and been gone IMO. No one buying this company would have had to deal with him long term, unless you mean in negotiating the deal. Kotick is still swallowing an elephant with the debt at the moment, but anything is possible.
Hate to put my tin foil hat on, but 7M shares and up more than 7%? Someone besides us knows something. Yes I know it sounds, but cmon, it's the way the game is played. No idea what it might be, but this type of action almost always happens for a reason.
Also an article on IGN last night about logs from some place indicating several PC test versions or other work being conducted on the PC version. No doubt it's on its way, just a matter of hearing about it.
I disagree and not to defend him, but visibility is what has, and continues to hamper the share price. They simply need to confirm things that many believe to be true, and that is that RDR2 is in development, maybe comment on Mafia 3 since there was some recent activity around that title, or it's developer. He could also talk about potential Borderlands 3, next Bioshock title, etc. Just talk about them, their status. I don't expect even anticipated release years much less dates. This has gone on for years. Maybe it's about to change, but every time it seems that way, it doesn't.
One more thing, sorry, I keep reading it again.
He states that he is able to come up with a very reasonable estimate of the royalty the R* guys get paid, as an example of what he does. That's it, no number, but an ironic comment based on recent debate on this board.
No, he only says about ATVI's reliance on that handful of titles is that they are getting old.
Missed a funny/important point IMO.
When he was railing on folks saying he doesn't know game, etc. he says he understands the business to help investors and by investors he means institutions, professional money managers, not individual investors, make better informed decisions about the stocks he covers.
Yes, I will try here.
Being a consumer is largely irrelevant. These guys spout and say he (Pach) doesn't know anything about games. They finished the game in 6 hours. He says Eff U to them. Who cares if you play games. You're a gamer, who cares? Nobody listens to me because I'm good at BF4. They listen to me because I understand the business.
They say Nintendo's great because I like their games. That's just the dumbest reason to buy a stock.
He is impressed with the next gen launch so far, but like me, he says he wants to see how long it keeps up. He does think there is room for this cycle to be as successful as last, but basically not a sure thing.
Almost no positive way forward for the WiiU. They lost the edge that the original had and he thinks they screwed up royally.
He loves ATVI and EA. ATVI manages to come up with something new every few years. The knock on them is they rely on a small concentration of titles, but the positive is they are a resourceful management team who gives the people what they want.
He loves EA's core sports business, which they seem to be screwing up (his words) with NBA. FIFA and Madden are never going away. BF is good enough to give consumers a choice. He didn't address current issues with the title.
Then he comes to us, TTWO. He's concerned about TTWO and it's not a negative (his words). They need to be more transparent and let us know what's in the pipeline. We can observe that R* puts out a single game every year for 9 years, but don't know what the next one is. Investors have trouble buying a stock when they don't know what's going to happen next, and just doesn't know why it's a secret.
He thinks Ubi delays too many games lately and he is worried about them too.
His bias on ATVI, EA, TTWO, and Ubi are positive but avoid Nintendo.
Please pick up the latest GI. Article with an interview with Pachter. Sounds like he reads the board and to those that think he does't know what he's doing, and know more than him, he says #$%$. Hilarious. Also points out the lack of guidance here in an enormous way. Nothing will change until that does. Great read!
I thought not, as I try to be rational, especially when the hype goes off the meter which happens a lot here. Pretty sad story overall, since if this were a momentum stock, with GTA sales, and if the online were working well and getting financial traction, this stock could be crazy higher. Of course I could have also won the Mega Millions prize too!
Jester I think Bobby K is the highest paid, at least recently, as he was near the top of some list at about $65M last year. Granted, he bought the company out of bankruptcy and has been there for more than 20 years, but that is still a lot of money.
that is exactly correct. the street wants to know future plans including titles and profits, whether they come from online or not. Z does not provide this info and the street ignores or punishes this stock for the lack of guidance. non gaap profitable is not what they want to hear since that is clearly a set up for the classic one cent profit just to clear the bar. Only thing that will help is if they have some strong guidance for next year based on the GTA for PC and next gen, along with whatever else is already planned IMO.
Jester, I for one never sang the praises of online if you are referring to me. I am one of least blue skies on the board. I don't believe online was expected by many, then the expectations from analysts went nuts, as usual, and any failure to deliver will likely cost the stock. They did still sell a ridiculous amount of copies and likely will sell more on the new boxes as well as PC. I get that this may no longer satisfy those who now expect more, but it will still generate a ton of profit and cash. FYI, I have not had any position here for several weeks now.