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Technology Stocks : THQ,Inc. (THQI)

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To: Sigmund who wrote (4875)4/22/1998 4:24:00 PM
From: Joe Casey  Read Replies (1) of 14266
 
Whoever predicted this debacle is either a genius or psychotic. Of all the days to go down more than 10% I never thought it would happen after blowing out earnings. These are crazy times. Some unknown idiot puts out a "new market underperform" and 88% revenue stream causes people to continue to worry about old WCW news. Farrell says comfortable with conservative 25% growth and yet the trailing PE is 13. A forward PE for THQ in the single digits with the S&P trading above 24 and worthless "Internet" company mania taking hold of the moronic investing population, it's no wonder this is happening. If PE=growth rate, even just 20% growth should put THQ at $40.80 (20 * $2.04 trailing earnings). 25% growth would put THQ above 50 bucks. Who is selling? Where's this idiot analyst's views for the downgrade? Let's inspect his track record for credibility. Someone's out to get THQ. Even worse than the paper loss is having to waste time skipping all the forthcoming Stagger gloat posts and fustrated readers' rebuttals of that outpatient.
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