Rich-
Currently, I don't analyze MWY's sales anywhere near as closely as I do for THQI's. Arcade sales are more difficult to track, but possible. I do not have comprehensive earnings estimates for MWY. But even if street estimates are too high, MWY is very undervalued. The arcade market is not likely to decline nearly as much going forward. I think the arcade market, as it stands today, is in a long-term downtrend, with little chance of a major upturn. But only a fraction of MWY's sales come from this market, whereas more than half did a few years ago. As MWY continues to show its leadership in the home market, and as the arcade business becomes a smaller part of its sales, the stock will recover nicely. Of course, Wall Street has to get over its fear of an industry downturn, too.
Todd |
