Was in a Michigan Best Buy today. Game dept. employee checked computer for pre-order availabilty (everything was available except band-in-a-box for xbox) and told me he saw 224 RB4 bundles at a BB distribution center in Indiana. He had no way of knowing if they were reserved for pre-orders or for first-day open sales. If he is right, perhaps Madcatz has begun shipping without a press release.
Checked over here to see an intelligent discussion on the ONLY news that matters today, the new memory being developed by Sandisk and HP. Not a single post even mentions it.
Just a bunch of juveniles, day traders and wannabe chartists. What a joke of a board.
Facebook will ship five million Oculus Rift headsets in 2016, according Credit Suisse analyst Stephen #$%$, as reported by Barron's.
Google headline for full story. No wonder producyion is moving to full capacity...
You don't put out a press release on Target because you don't want to send the customers of your OTHER customers to Target. Gamestop and Meijer would be furious if you put out a pr recommending Target. We already have no product at Wal mart and virtually none at Best Buy; we don't need any LESS inventory in brick and mortar.
Also, I would expect no more than 10 per store of the Red bundles at Target. Madcatz and Harmonix can admittedly not even keep up with demand on the regular bundles, much less manufacture enough of those for Target. It is very common for Best Buy and others to put "while 5 per store last" or "at least 5 per store". I would be happy with 10 per store with such success that Target does it again on the last weekend before Xmas. That would also give time for additional manufacturing.
$80M is still the number for total q3 revenues. Do not let this number rise to unrealistic levels. The forces at work against us will already do everything in their power to create the illusion of a "miss" when results are announced in February. Lord knows, they don't need our assistance.
We are batting .500 so far. I have seen two retailer ads for next week so far. Target has no mention of RB4, but Meijer, a big Midwestern retailer operating in several states has both the Guitar Bundle and Band in a Box at full regular retail.
the timing of the launch was brilliant. It allows the company to ship product to retailers in September, get paid in October, and have the working capital to completely re-load for Black Friday.The key to big success here is inventory turns, and with launch, Black Friday and Christmas spaced out the way they are it allows for maximum turns.
Chou, Jeb is having connectivity issues at the trailer park tonight and asked me to pass along his answer to you.
He said he sold an aditional 12 shares today into the rally, and will look to unload his final block into earnings, but that his overall view is this: Buy at 6, hold at 9, and sell at 12.
According to a story on Reddit, RB4 was the 9th best seller among all video games in units and 4th best in dollars in October. Numbers did not include digital, only retail.
Guitar Hero was 11th and 6th, very good for an October 20 release date.
Karen proves her value again. By dumping Wells Fargo, they now have a lender that is flexible and willing to work with the company to maximize profits and revenues of the company's biggest opportunity EVER.
Hope, this also gives Madcatz additional incentive to ship early. Once the product ships, the invoice/account receivable is created, allowing more borrowing and in turn more manufacturing.
I didn't figure we would get an entry from you or your buddy PastaPete. You guys will be dining in the local soup kitchen if you keep holding your short position.
Ron, If the game is retailing for $60, I would expect they are selling it to retailers for about $45 to allow them to make a 25% retail margin. I would hope we got at least a 20/80 revenue split with Harmonix on the $45, even after some development and production costs. As others have suggested, it's probably safe to model $5-$7 per disc to Madcatz for the disc-only orders.
Tony, cut Uptab some slack. He has been busy today contacting the 17 different law firms wanting to sue Hutchinson Technolgies. Despite Uptab's claims that HTCH is worth $20, the company sold itself today for just under $4. Apparently their CEO and board did not have as much confidence as Tabby did about its future prospects. No doubt Tabby will say he made a profit on the deal. After all, he loved it at $12, $10, $8 and $6, and REALLY loved it at $4, $3, and $2.
We can only hope that his confidence and predictions for Madcatz are a tad better....
"The risk of bankruptcy is zero with Hutch.
The risk of going out of business is zero with Hutch."
I refuse to do ANY homework for anyone who could make a satement like this.
For reference, go back and read my warnings when you were pumping a $2 NAVR stock and saying it was outperforming Amazon and headed for $15.
You continue to fall in love with your #$%$ stocks and pump them right up intil the day you throw in the towel and disappear from the boards without ever divulging your exit.
1. Best Buy. Xbox bnb out, ps4 one available. A handful of each guitar and game.
2. Gamestop. Xbox bnb out, ps4 one available, plenty of each with guitar. Employee said two xbox bnb that had been for preorders were being returned due to not having game disc inside. Said they were being returned to Harmonix, which i thought was odd.
3. Target. One xbox bnb, nothing else in store.
4. Meijer. 4 of each bnb, 6 of each guitar box still on pallet. Employee said many people in today but not buying. he said common refrain was "be back on payday'.
Overall, found more inventory than I expected to. Will hit the same stores on Sunday for an update.
All week, it seems like the shortages have been dominated by Xbox One, as well as the complaints about lack of availabilty of the Xbox adapter. Far less has been said about PS4 problems. Good thing, as PS4 appears poised to be the cash cow for RB4.
A recent article estimates that since thir late 2013 release, there have been about 26M Playstation 4's sold versus about 15M Xbox, a huge advantage for Sony. This seems to bode well for Rockband and Madcatz. So does the fact that PS2, the best selling console of all time, sold 155M units in its lifetime, and PS4 is expected to top that.
Rockband would certainly appear to be a muti-year hit in the making, especially as they roll out new products and updates on an ongoing basis.
Emory, I keep going back to that conference call last February. Richardson was getting hammered for yet another bad quarter and year. The one caller was really on him about selling the company, and Richardson basically said give me one more year. Yet there was no real reason to expect that anything would change. The company had appeared to hitch its wagon to Gamesmart accessories, and they were not going anywhere. Most other legacy lines were losing retail shelf space everywhere, and nothing really looked positive. It looked like a plea for more time with no real plan or reason to expect better.
Combine that call with the lack of any insider buying, and now things make more sense. Clearly DR knew then that RB4 was on the way, and he hopefully knew of other impending developments. Hopefully the share price will finally begin to reflect some of that soon, but as always first they need to show proof that they are actually executing on these opportunities. Richardson receives a "D" grade from me for his performance the past 5 years. His next report card comes home in about two weeks.
Mahavvy, there is no disrespect here, there is simply NO INTEREST. Very few companies allow questions from the general public; it is too risky. That leaves analysts and big institutional investors. And Madcatz has neither. That's what happens when you disappoint the street again and again, giving rosy expectations that never quite materialize. Resulting in a stock price in the pennies for multiple years. Resulting in no coverage and no interest from big money.
Gamestop featuring the Guitar Bundle with 5 free songs, and
Target with an exclusive band in a box in the color red for $199. I would estimate at least 10 per store. That's 10 times a whole lot of Target stores.
Hopefully Wal Mart is starting to realize it is missing out and will begin stocking the products for the holidays.
Perhaps someone will inform the idiots at Best Buy HQ that all their stores have sold through their initial shipments and need re-orders.