<<especially with management saying that THQ will beat last year's numbers for the 4th quarter>>
Not only that, but I believe that in Friday's call, Farrell said that he's not overly worried about beating 1998 3rd and 4th quarter numbers with the corresponding quarters in 1999. Ie, WCW and Rugrats are going to make it easy to beat numbers the first two quarters of 1999 and then he'll likely unveil a slew of games by E3 that will give a fighting chance to overcome the stellar the Q4 numbers. Btw, Q3 1998 is easy to beat, not worried about that one at all. Q4 is the first one in question. And with Rugrats II, possibly Quest II, new games, and the first WWF game (also mentioned in the Friday call), it looks good.
Don, nice to see you here again. THQ historically gets a 25 PE for at least a short time each year. Will likely happen by Feb, if not by year-end or January Thunder PSX release. God, that thing is gonna ship a ton.
<<btw, last year we only have one new WCW and one old WCW>>
Andy, I have to add that last year's new WCW was only available a month and suffered from a shortage to boot. Ie, Revenge is gonna blow away the 500,000 that NWO sold last Q4. $1 is not a dream. We'll have to crunch some numbers soon.
Marc
PS--Having a higher ask size than bid size is not bullish. It's the reverse. The 200 bid size that I spotted briefly last week when THQ was in the 27s, that was bullish. |
