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Take-Two Interactive Software Inc. Message Board

roddedr 3 posts  |  Last Activity: Aug 6, 2014 12:26 AM Member since: Jul 31, 2008
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  • In November 2013, I predicted that after GTA5, TTWO would end up with $5.50 cash/81M shares while many including analysts were talking about $10 cash. It is now exactly $5.50 based on an 81M share count - BUT it seems as though the share count is now already up to 88M as TTWO's management (including Rockstar) continues to rapidly dilute this company's shares with massive option awards. So the number is now closer to $5 ... next Q, with this current guidance, you can count on more significant cash burn and then they will probably ramp up development expenses in Q3 and Q4. So expect them to have more like $4 cash by the end of the FY. Typical Take Two! And then watch out they will start becoming a tax payer.

    Regarding analysts, when the company guides for around 100 million revenue in Q2 and analysts are at 275M, and there are no delays/changes for that Q, you know that your analysts are clueless. This understanding should be applied to analysts' pie in the sky eps estimates next year. TTWO will be lucky to do 75 cents in those FY's without GTA.

  • Reply to

    Net CASH position estimate at the end of FY14

    by roddedr Nov 29, 2013 4:53 PM
    roddedr roddedr Aug 5, 2014 8:37 PM Flag

    actually, it's 81M plus 7M participating shares. I was on target 9 months ago. (I just didn't predict the stock would fly past Icahn's sale price of $17)

  • Reply to

    Net CASH position estimate at the end of FY14

    by roddedr Nov 29, 2013 4:53 PM
    roddedr roddedr Aug 5, 2014 8:34 PM Flag

    I said this would happen after Q4, but it happened after Q1...
    Current cash minus debt position is $5.50 and the share count is 80M

TTWO
23.71+0.19(+0.81%)Sep 19 3:59 PMEDT

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