TTWO
Board Highlights
Message List Post Message Reply to
this Message

MSG # GO



Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

08/01/16 at 3:41 PM CDT

 

 

READ: 5

RPLY: 0

0

0

RECS:0

Sentiment:

Neutral

Reply to:

MSG`#3866,`08/01/16
By Jester Debunker

 

Re: OT INFN

Jester,

The rise and fall could be amazing, as you say, but of course somewhat sickening to those holding substantial positions. As I said, I didn't listen to the CC, but in reading, I've seen no mention of losing a customer. Just something to the effect that the future will be challenging. But what appears to have killed them is revs of $180-$190 predicted for the quarter, when analysts were expectingabout $273 mln IIRC.

Yes, the insider buy was not only the CEO for $1.1mln, but the CFO buying a smaller, but still quite substantial chunk around the same price as Fallon. My best guess (forgive me if I'm repeating myself) is that they knew they'd beat top and bottom this quarter at the time of the buy. Perhaps an event (losing a customer? Price competition/wars?) happened after the buys. Just speculation, but I'd love to hear an explanation of what happened there. As you say, more insider buying would be of interest here. But the signs seem to point to that they really don't know much about how things go moving forward, at least for now.

Copyright 2014 All Rights Reserved; Patent Pending