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TTWO's earnings
report
Nobody mentioned Take Two's earnings report? I have a long term
position.
I was surprised at how weak the beat was, since they usually
blow out their guidance. It signals to me that Zelnick is no longer
lowballing and analysts are overestimating their numbers for the
year. But it is pretty impressive that it looks like they'll be
profitable for at least five quarters in a row now.
What's not impressive is comparing Take Two's performance to
Activision and Electronic Arts since the buyout offer in 2008. EA
is up about 50% and ATVI is up about 100% while TTWO is up about
20%. Things are more comparable post buyout offer, but it goes to
show you how wrong analysts were about Zelnick wanting to sell the
company. He's in there to milk it for everything he can get. From
his perspective and his and Slatoff's 10 million plus a year take
from the company, why would he ever sell?
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