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The Manitowoc Company, Inc. Message Board

rayguy222 12 posts  |  Last Activity: Jul 24, 2014 9:08 AM Member since: Oct 30, 2006
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  • rayguy222 rayguy222 Jul 24, 2014 9:08 AM Flag

    Said like a true genius. Of course this has absolutely nothing to do with the deteriorating IO price.

  • Reply to


    by ttw012 Jun 9, 2014 10:55 PM
    rayguy222 rayguy222 Jun 10, 2014 11:31 AM Flag

    It was going to happen eventually but analysts always punish TTWO for not being transparent. Any release news by TTWO is incredible and don't be surprised if there are some upgrades in the next few days. Plus the confirmation of a PC release is welcoming.

  • Reply to

    Acting Like Their S*** Don't Stink

    by rayguy222 May 15, 2014 4:34 PM
    rayguy222 rayguy222 May 20, 2014 3:24 PM Flag

    I think TTWO allows their talent to make a lot of business decisions until it has a failing product, then they act. Talent tends to think more with their heart than with their (in this case, the shareholders') pocketbook . They'll run a business into the ground for their art. Management needs to be a little assertive earlier on in the process. Max Payne 3 was behind schedule for 3 years and probably tens of millions over budget. 100+ million dollar production budget only works for few games (RDR and GTA). Max Payne had no chance.

    I wouldn't say that Rockstar Vancouver was shut down in the traditional sense. My understanding with the Rockstar studios in Canada was that they got such sweet financial and tax incentives from the Ontario Government that it made more sense to combine both Rockstars into Rockstar Toronto. The total combined size of both studios actually got larger. That was a good management decision.

    Who knows who decided to close/re-structure Irrational? I tend to believe that Ken Levine realized that he didn't want or couldn't handle the stress with such a big game and just wanted to return to a small studio. One of my friends, who had a high position with Irrational, left partially because of how "irrational" ken was getting. I don't believe Zelnick had anything to do with Ken's decision.

    It's a tough position because TTWO won't survive without their well planned, AAA games but it won't thrive taking 4-6 years between sequels and putting out only a few titles a year. That's why Management needs to play a more important role for this company, and I feel Zelnick is just in it for the celebrity and the paycheck. They've made a fortune while the shareholders in that same time period are down money.

  • Reply to

    Acting Like Their S*** Don't Stink

    by rayguy222 May 15, 2014 4:34 PM
    rayguy222 rayguy222 May 18, 2014 1:41 AM Flag

    I read the message from Ken Levine back in Feb I believe and you're right, he's ending Irrational as we know it but he's keeping 20% of the staff and changing the name from Irrational Games to Irrational Studios. He didn't resign, he just changed his focus. I don't consider that "game over", more like "game on", at least to him. Understand? Probably not.

    You understand that Zelnick Media has been running TTWO since 2007? Zelnick Media acts as both the advisory group and the management team, which is legal but incredibly unethical. Understand? Probably not.

    How did Icahn shake up management? You understand that he had an agreement with Zelnick not to speak out publicly against management in exchange for 3 board seats. So how did he shake up management? Understand? Probably not.

    You're misquoting me yet again. This is very simple: When I say 500 million spent on internal royalties I mean internal royalties, like as in payments to the Housers and Rockstar, etc. Not Zelnick or the executives that make up Zelnick Media. Understand? Probably not.

    Truthfully, how long have you own TTWO's stock? I know you only started posting in March so my guess is 2-3 months max. You've never even heard of the term "Z-Bomb" and you seem to argue with everyone on this board. Understand? Probably not.

  • Reply to

    Acting Like Their S*** Don't Stink

    by rayguy222 May 15, 2014 4:34 PM
    rayguy222 rayguy222 May 17, 2014 10:49 PM Flag


    Every time you post, you're digging a larger and larger hole. Where are you getting such absurd info? I used to think your posts were hilarious but now I just feel sorry for you. You need to stop while you're behind.

    Get your facts straight. Zelnick started in 2007, not 2010 and the stock price at the time was around 20-21. Zelnick Media has made tens of millions while the shareholders during that time period are underwater. All these "brands" you think he has any part of isn't exactly enhancing shareholder value, at least for those poor investors who were unfortunate not to sell during the EA offer. He was never the creator of DLC and it didn't start with GTA IV, it happened years before. Zelnick creates nothing. Rockstar does all the work, planning, and sets the release schedule. Zelnick is a kind of a figurehead at TTWO, he's obviously a very bright man but he got these executive positions in the entertainment field more for his knowledge of the law, his friends, and being an excellent networker. He offers no creative input in TTWO and especially Rockstar. Regarding Irrational, Ken Levine decides its direction and I'm pretty sure Zelnick had nothing to do with their downsizing or discontinuation of the Bioshock franchise. If Zelnick ever did cut costs, it would be because it was getting in the way of giving himself a larger compensation package.

    And by the way, there has been several class action lawsuits against Zelnick Media and their handling of the EA buyout. Strauss may be doing things legally but a lot of his actions are unethical.

    Lastly, don't misquote me. I said nothing about TTWO spending 1 billion dollars in internal compensation last year. Actually it was 500 million. Please re-read my post or have your mom do it. I said by the time the next edition of GTA is released, which will be in approximately 5 years, internal compensation will probably be at 1 billion IF the Housers keep re-upping their contract.

  • Reply to

    Acting Like Their S*** Don't Stink

    by rayguy222 May 15, 2014 4:34 PM
    rayguy222 rayguy222 May 17, 2014 10:21 AM Flag

    I admit that my rants could be a little immature and a poor attempt at humor but you are truly a novice. Your unwavering support of Zelnick Media is proof positive of how little you know (or care to know). There isn't a single long, or short, on this board that doesn't believe that Zelnick Media has done very little to "enhance shareholder value" since that would be reflective of the share price. We've even coined a term (Z-Bomb) for the periodic blunders that Z makes that instantaneously shaves 10-30% off the share price. You're simply confused in believing that Zelnick Media has anything to do with GTAV selling 30+ million units. I believe that Zelnick Media plays a very little, if any, role in Rockstar Games.

    On that note, I think its reasonable to ask exactly how important the Housers role is at this point, and if they are worth the hundreds of millions in compensation. Do they run the show or are they just writers and executive producers? It was directed at someone possibly in the know who could shed some light and not some fanboy like yourself who jumped on the GTAV bandwagon.

    Are you a relative of someone in Zelnick Media? Then at least you would have an excuse.

  • Reply to

    Acting Like Their S*** Don't Stink

    by rayguy222 May 15, 2014 4:34 PM
    rayguy222 rayguy222 May 17, 2014 12:49 AM Flag

    You are the only one on this board that thinks Z is doing an exceptional job. The only one. Its actually quite funny (and sad) that you take such offense to my critique of TTWO's management. Although I can't stand this management, I'm really not upset about the total situation. But god forbid anyone on this board posts something negative about Z and you jump down their throat. This fanatical support of Zelnick shows how incredibly lost you really are. This company made over $4 in earnings last year but trades in the teens. Sounds like the work of a solid management group.

    I'll make you a deal: if you're nice for the rest of the year, I'll get you a Zelnick Fathead for your wall.

  • Reply to

    Acting Like Their S*** Don't Stink

    by rayguy222 May 15, 2014 4:34 PM
    rayguy222 rayguy222 May 16, 2014 11:29 AM Flag

    I have a similar opinion of TTWO than a lot of others on this board: Love the IP and products, hate the management. You've only been in this stock for 2 months and appear to be entranced with Z's stories of gradeur. You probably even believe his catch phrase: "we're bringing value to the shareholders". The stock is down 20% from when he took over. Its safe to say that out of the big 3 public VG publishers, TTWO has the best IP but has always been given the lowest multiple primarily due to its management. I've always made good money trading TTWO and truthfully, Z's actions have really helped in its volatility. Its one of the rare stocks that you can sell out of your position and never have to worry about it breaking away to the upside, at least for very long. It always comes back. By the way, are you even yet?

  • Reply to

    Only Zelnick could screw up this situation

    by rustyambiguous May 14, 2014 10:26 AM
    rayguy222 rayguy222 May 15, 2014 9:46 PM Flag

    I really think, this time, the stock has a floor and as long as GTA is still revelant and they have $8-10 per share in cash, there will be buyers on any dip at these levels. This stock, with a shareholder-friendly management, would probably be in the mid-$20's. I think we're basically at our low or at least within a few percent.
    It was really hard to believe how greedy this management is but their stock sales pretty much summarized where the stock was going in the near future. Z and Karl would have never sold 2 million shares each if the stock was going to explode. Its tough being a Goyim TTWO shareholder.

  • As long as management is allowed to low ball estimates, over compensate themselves (based on these "estimates") and the talent, as well as allowing the talent to dictate when and how games will be released which seems to always wind up keeping us in the dark, this stock will trade at a lower multiple and will always be considered unfavorable to analysts. Just when you thought Icahn was buying in and would shake things up, his buddy Z gave him 3 board seats and a bunch of cash and free shares to hush him up. We just need a real activist investor to stand up. For all we know, Z and Einhorn go to the same synagogue. We need an old-school WASPy investor to come to the plate, if there even is one at this point. The IP and talent, as well as cash on hand, far exceeds the 1.6B market cap they currently have.

    In addition, exactly how important are the Housers? They don't program and at this point, a monkey can write the scripts for future RDR and GTA releases. And, if they're doing all the work then why do we need Z and his band of uninformed shysters? You know every couple years they probably scare Z into believing they're leaving TTWO and just wind up getting sweeter and sweeter compensation packages. I wouldn't be surprised if by time the next edition of GTA is released, yearly internal compensation exceeds 1 Billion dollars.

  • And people are actually concerned that the Housers would ever leave TTWO?!?!?

  • Reply to

    C'mon TTWO . . . where is GTA V for next gen?

    by speculawyer9 May 5, 2014 12:20 PM
    rayguy222 rayguy222 May 6, 2014 10:49 AM Flag

    I know TTWO invested in Twitch a couple years back but what % of the company do they currently own?

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