I saw that Homer and I thought it meant there would be great things for todays trading. It turned out to signal nothing in particular. Once again, TTWO has confounded me.
Atco, the reply was given by a spam bot who just rewrites other peoples comments randomly in order to fool the yahoo message board spam filter. Yahoo needs to do a better job of policing these spambots. Please downvote and report them and and if we all do it maybe we might be able to get rid of them ;)
Definitely the "Pre-Sequel" for TTWO from a financial standpoint. It's important from a PR and reputation standpoint for the Telltale version to be a critical and commercial success but TTWO I don't believe makes much money from the game. The Pre-Sequel is the one TTWO cares about.
They are POSSIBLY investigating Icahn, Mickelson and Walters regarding Clorox stock. This investigation, if it does happen, will likely have no effect whatsoever on the TTWO stock price.
TTWO has entered oversold territory and this upgrade signals that we're heading back up into the 20's
Spec, how confident as shareholders should we really be that the next gen game is GTA V?????? Because I have lost ALL trust in mangement now after this last earnings report. I am sincerely telling you that I think there is a strong possibility that R* will not release anything GTA related in fiscal 2015 but instead will put out some garbage game like Bully 2 or Table Tennis, and that the game will bomb heavily like Max Payne. And then when we badly miss estimates Zelnick will shrug his shoulders and say"whoops, sorry, but those we're only forward looking statements you can't hold me too them". If they don't announce GTA next gen at E3, then we are not going to get it in fiscal 2015. Zelnick has crippled this stock by not saying anything about the pipeline and I'm starting to think the reasson he won't say anything is because the pipeline is garbage. And the few things they have that are good, like RDR2 and GTAV are a very long way fom being released.
Zelnick is not going to buy back a single share. Mark my words, we will not see a single share buyback this fiscal year. And I'm going on record that Zelnick will not buy back any shares ever! The only trading we will be seeing from Zelnick is when he SELLs his personal shares. This quarter was certainly NOT brilliant. The only reason they crushed revs was because Zelnick set the bar super low. TTWO is a great company but it is incredibly unfriendly to shareholders.
Cramer's call is still A LOT better than Pachter's $19 call when the stock went to $21
It's not about Cramer or Pachter personally, it's about their analysis. And yes, I am a fan of Cramer's TTWO analysis.
Cramer pimp slapped pachter and his new bogus analysis today when Cramer said ""The 'Bureau of Misinformation' is active again this morning, saying that Take-Two has missed," Cramer said. "I've gone over that quarter nine ways to Sunday. It's hardly missed...You want to buy Take-Two, not sell it,"
You don't know what a death cross is. As bad as things are, we still aren't going to 15 this summer. In fact, Bank Of America raised the price target this morning to $25. Please stop posting until you can right something remotely intelligent and serious.
Case in point, this technically accurate, but ultimately misleading article blurb from CNBC -
"Take-Two Interactive - The electronic game publisher posted a 23 percent decline in revenue in its fiscal fourth quarter, but still topped expectations. It missed estimates for the current quarter and projected this year's profit below expectations, with its shares declining in after-hours trading."
This kind of thing is what shapes peoples opinion on the stock and as a result they don't buy. The board is not all wet, the board is merely an accurate reflection of Wall street sentiment.
Cinema, when it comes to TTWO the results don't really matter. It's the narrative story, the headline, the sound bite that matters. EA and Activision do an amazing job at managing the message and as a result their share price grows. Zelnick and the usual gang of idiots at TTWO are completely incompetent when it comes to marketing the stock. I actually like how they have been running the company and they deserve credit for the great turnaround. In a world where things were fair and based on merit TTWO would be trading at $27 - $30 bucks right now. But unfortunatly those aren't the metrics Wall Street uses. Even though TTWO is doing wonderful it all gets voided every quarter by Zelnick and managements atrocious presentation. All of managements work is undone because of their inept way of handling the conference call. The stock has tanked, it will continue to tank, and to be frank the stock deserves to tank and all the longs deserve to lose money. The tragedy is that we could have all been making lots of money if management had not been so stupid and just simply done a few things different.
whatsup you are out of your mind with that $30 price target. After todays garbage from Zelnick and company I'm turning bearish on this stock. We will never, ever see $30 with this current management team.
Yeah, and while I don't prefer the sandbaging technique that has become prevalent amongst CEO's, I'm not going to second guess or bad mouth them for doing it. What I'm upset about is that he went and downard revised the stated estimate that was already very low. There was no need to sandbag the estimate any further than he already had, it was absurd. And what else troubles me is that he may not have been sandbagging and that maybe they have no idea what they are doing.
Last quarter's earnings were excellent, but the stock nosedived after the earnings report the next day because of Zelnick's downward revision from the original $.12 cents estimate down to $.10 to $0.00 . Here we are a quarter later, and we crushed it and came in at $.23 cents. Managements estimate were wildly off, they are almost criminal. What a joke. What total incompetence. What a tragedy. Worst of all, if Zelnick had just kept his mouth shut, and not downward revised the forecast, the stock would have seen a dollar boostlast quarter instead of tanking. Zelnick and management's terrible math is costing shareholders BIG TIME.