Investing in Gaming Stocks: Even More Reasons to be Bullish on TTWO
By Ian L. Cooper
There are many reasons to get bullish on Take-Two Interactive (TTWO).
One, the old controversial board has been replaced. Two, the company is gearing up to release another installment of the best selling Grand Theft Auto series on October 17, 2007.
And three, Sony is cutting the price of the handheld PlayStation device by 15%, or $30 to around $170 in its battle against Nintendo’s handheld. Take-Two, which has a healthy stock of games for the PS unit, should benefit nicely from the price decrease.
Better yet, any bullish comments on April 10, 2007 could do wonders for TTWO shareholders. On this day, five days from now, the company will host a conference call at 4:15 p.m. ET with the Chairman and acting CEO of the company.
We should have a better understanding of where they want to take the company. According to GameDaily.com, one of the conference call topics could be a headcount reduction at under-performing studios, and a strategic outline for improving the bottom line.
Plus, we’re expecting even more upside of Wii popularity. Take-Two has plans to bring the Manhunt 2, Fantastic Four, and more arcade style games to the Wii system.
We’re looking for TTWO bullishness prior to and after the conference call should there be plenty of good news for the future.
Take care,
Ian L. Cooper, Editor, Early Alert Trader
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