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The Company is a global publisher, developer and distributor of interactive entertainment software, hardware and accessories.
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capsdaddy (< 20) Submitted: 9/15/06 3:58 PM : Start Price: $14.28 TTWO Score: 23.32
TTWO's stock has been bludgeoned over the past year by issues which are certainly of concern... mostly over executive management's inability to control its senior management (and specifically the 2 kids that run the Rockstar Games label), but in the end we will see that these issues really won't affect the company's ability to make money. This industry is in its infancy still and it's still very much an entertainment bet, akin to going to the racetrack. As long at TTWO keeps costs low compared to their rivals (which they do, believe me) and keeps shipping hits, they will continue to make money, regardless of the costs here and there related to their management snafu's. It's really a drop in the bucket (like so many of any publishier's failed game bets) compared to the profits one bonafide megahit can bring.
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MRCaligiuri (75.84) Submitted: 9/21/06 3:38 AM
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yeah, i totally agree. I think this is a pretty well run company and it was just taken down from the porn in Grand theft auto. Still has 2.2 as many assets as liabilities from last quarter (current ratio).
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