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Author:

breinejm

Subject:

Earnings

Date:

08/12/15 at 9:40 AM CDT

 

 

READ: 8

RPLY: 1

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Sentiment:

Neutral

Reply to:

MSG`#2862,`08/12/15
By Perry Rod

 

Re: TTWO's earnings report

I did not mention it because there was not much to mention. I bought in at 24 before last earnings and sold at 28, but feel it is more reasonably priced and possibly expensive ~30 right now. Estimates for this year are now down to ~$1. Next year's are $1.70 but based mostly on vaporware. I have started to see "reports" of GTA6 in 2017 but have no idea where those are coming from. GTA5 has sold 54 million now so *if* GTA6 was coming, I would buy in big right now, but I expect Red Dead reboot first, probably in FY2017 then GTA sometime after.

Check out estimate revisions on Yahoo. So most recently beat on rev's but missed on earnings. For Sep Q: 90 days ago estimates for profit of 24 cents, then 60 days ago loss of 24 cents, now up to loss of 15 cents. Dec quarter has dropped over that time. In general estimates all over the place which indicates there is still little communication or perhaps little knowledge among insiders of what earnigns will be. It has always been hard telling.

I agree that they have done a good job of being profitable on a regular basis, and I think the stock reflects that. Unless I think Red Dead or GTA is closer, or the price drops, I am watching only.

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