The only fact is you're a terrible investor who likes to post your unfounded opinion before reading the actual news that is pushing this stock up in the after hours.
Not even close. GTAV, after its released on PC and the new consoles in the spring/summer, will probably end up outselling COD by 50%.
Are the both great sellers? Yes. Will they do similar sales numbers? NO!!!
He wasn't allowed to speak publicly as per the agreement he made with Zelnick in exchange for his 3 board seats. So its a total joke that Zelnick would make that statement on Bloomberg TV. Even with the 3 board seats, Icahn couldn't get anything done (Zelnick has 4) so he probably milked the shareholders for a while (his board members received approx 50,000 shares plus salary) then left for greener pastures. His friendship with Zelnick was obviously more important than rocking the boat.
I think today's action proves that the stock as at the lower end of its range. You know as much as anyone that two years ago, if this same news was released, the stock would be down over 20%. Their market cap can only go a little lower before they have a higher cash position. Icahn not being allowed to speak up was killing the company and as long as he only had 40% of the board seats, he was under Zelnick's control.
If anything, I believe this is going to make Zelnick slightly more shareholder friendly. As of today, he doesn't have Daddy's wallet to enable him.
True. I think its as simple as Icahn wanted a sale and Zelnick still wants to milk the company. Icahn had an agreement with Zelnick to not publicly complain for the board seat so he he couldn't scream and yell like he normally does. So he just sold out and moved on to a more significant holding.
The positives to today is the lowered float and now that Icahn's leverage is gone, another activist or PE firm with deep pockets can move in and overpower Zelnick.
Why don't you Google Icahn and Zelnick. They've had a relationship for years. Icahn even added Zelnick to the Blockbuster board to represent his interests. That was way before Icahn's investment in TTWO. I wouldn't be surprised if Zelnick asked Icahn to initially invest in shares so that he basically can treat this company like it was private.
Did you buy your TTWO shares with GTA currency? Funny how little you know about this company or the players involved.
Stop thinking Icahn gives a #$%$ about whether this stock is at 19 or 15, he's in at 10-12. His loyalty is with Zelnick and not the shareholder; he might complain about how the insiders ruin a company when he's an outsider but this not in this case. When he's in he tends to act exactly like the people that he complains about.
This will be the last time I mention this ---- In Exchange for the 3 board seats, he made an agreement with his buddy Zelnick, to NOT PUBLICLY DEGRADE MANAGEMENT. His son and 2 employees receive approximately 50 thousand shares per year (in addition to salary) for their participation on the board.
Why don't you think Icahn has said and done nothing since his people got on the board?!?!? He and Zelnick are accumulating shares on the cheap so they can either take it private together or sell out for a huge profit. This investment is chump change for Icahn and he will remain to do nothing to maintain his friendship with Z.
Why mention it now and ruin the momentum with current sales? After the new year ( probably in Feb/Mar) they'll mention next gen GTAV with exclusive additional content with a probable May release date so it helps with next years earnings.. They'll probably have a PC version before then or at the same release date and similar additional content. This year is a wrap but they should mention another AAA release to get this stock price turned around.
But you're totally correct about firing the Z-team; its just a joke on how obvious they're milking the shareholders. A bunch of Hebrew Heisters, the whole lot of them, including Icahn.
I wouldn't totally call it bullish but its nice to see that there are funds buying the dips. Years prior, this would have dropped 5-8% with no support in sight. They're going to have their market cap in cash by the last quarter, there's only so much this can drop.
I'm sorry that you basically got everything wrong "today". Maybe its time to change your Id name to "trevorinvestments".
Really?!? This post wasn't started by you with the headline "Here is the reason for the weak stock price" and starts off with "Its all about Houser brothers contract which is up right about now".
Just apologize to everyone for being a tool and don't make any more ASSumptions.
Yeah. The downgrade created the drop today which initially was exaggerated by computer trading, ie stops being hit. Once reality set in that even though the company has no publicized catalysts going forward but basically has its market cap in cash, the buyers came in. I respond to your illogical comment earlier by saying that this will probably break even by the eod.
You know what happens when people ASSume? Stop doing it.
This drop today has nothing to do with the Housers. It will probably break even by the eod.
You have no clue what you're talking about.