SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : GTIS - Will it be a Phoenix or not ?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: buckeye3d who wrote (1233)12/2/1997 2:45:00 PM
From: Bill Gizzo  Read Replies (1) of 2319
 
Welcome to the tread !!
Appreciate the news, although I've never been too impressed with ML's ultra-conservative outlooks.
<I thought I'd share some good news I read in Merrill Lynch's report from yesterday. They have a long term buy on GTIS with a 12 month price target of $13.>
This would be good news except for the fact that before GT announced the merger, the stock was trading @ 12 5/16. Now according to ML we can expect to wait 12 months before the stock recovers from the MPRS aquisition and returns to the pre-merger announcement price range. Thats not real encouraging news to those shareholders of record prior merger announcement.
I'm looking for a much higher number like $18

<Even if the MRPS deal falls through they are comfortable with 98 estimates.>
With Duke Nukem Forever, Prey, Millenium 4 The Right, Unreal, and possibly Max Payne just for starters, there wasn't much justification for uncertainity with regard to GT's 98 estimates.

<Also, the price that MRPS can walk away is 8 7/32. ML does not believe MRPS wants to though.>
MPRS can't afford to walkaway as GT's offer was "substantially" better than any other offer made for this troubled company.

Deer Hunter's popularity was probably due to: 1) price 2) excellent market timing to arrive in stores just prior to the start of the hunting season. GT understands well the necessity of market timing to achieve proper sell-though of a title.
Cheers
Bill
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News