Looks like another movie rerun to me. We will see a write down of at least a significant part of that price IMO. Lots of big money spent on big ideas ending up in a big write down. Really can't believe they went that way rather than picking up TTWO. Maybe EA comes here now since they are have some mobile assets, already written down. Still can't believe all the time that passes without someone buying this company. Money is cheap, debt is cheap, boggles the mind IMO.
Yeah most sound pretty upbeat. Haven't been following too closely and don't play the game myself but not seeing reviews upon release made me suspect the worst. IGN gave it an 8.8 late in the week.
Been watching from afar for a while with no position but I check in from time to time and what a great run. My question for any board regulars, isn't a pullback due soon since there is nothing big on tap for a while here? No, I am not looking to get in cheap or short it, just curious. I see the others have run too but we all know what EA and ATVI are bringing soon and GME benefits from all of it. I just can't imagine TTWO continuing to run, unless there is a long overdue buyout rumor lurking in the shadows. Najarians? You guys out there?
I think they would be counted at pick up on release date or later. I would wager a deposit or even full pre payment for a pre order at a GME for is counted at the register as similar to a gift card creating a liability and not a sale until picked up. The register is pretty connected to the accounting system if not a key part of it so I am sure they are set up to handle things this way. Then again, in an unrelated industry, a company like Valeant shows maybe they don't care about such details!
Spec, I'm not as sure about npd as you are but as an accountant I can tell you preorders are not sales but any deposits received are treated as liabilities until product is shipped. Also since preorders can be canceled I tend to doubt they are counted.
So I guess that is the contrarian play, going against the recent articles strongly suggesting that DLC is possibly off the table for good?
Yes and per the Forbes article, support for the 360 and PS3 has ended so they won't be getting anything new going forward. The Forbes article sees this as a big negative since that is likely the biggest group of players, but I wonder if it might push them into getting the newer version, assuming they have a new machine.
Spec, several articles this morning on IGN about R* and their success with GTA Online and how it has changed R* and how they work and what they are working on. They did mention that work on GTA because of online has been constant since release because of its success. They briefly mentioned how everyone is working on it alongside other things, but it is the focus. Clearly I am reading into it, but it sounded to me that this is their focus and maybe even single player DLC has been placed on the back burner, not to mention remasters or anything else. Interesting reads in 3 separate articles to say the least.