Microprose???
Ok I am a MPRS Stockholder....but I will give you some reasons why that THQ might want to buy MPRS at this current time...
First off...Mprs is losing money...Why bad Management..and when they do put out good games they do make a profit..when civ2 ang gp2 were released they made 100 million a year ago but only made 60 million this year.....
What does THQ get...
1.Debt almost 30 million in bonds...
2.Really no cash on hand, maybe a couple of million
I admit those things in themself are not attractive.....
Things that are attractive....
1.Just closed down the AUstin studio..to cut operating expenses...
it only cancelled one game..
2.Europeon Distribution network...which appears THQ could use..60% of MPRS revenues comes from Europe...don't quote me but from THQ annual filing I think only about 20% come from Europe...
3.MPRS is about to go into it's best christmas it has ever had...that is the one reason that I am still holding thier stock.
Qtr 2 July-Sep..MPRS willl be releasing
Civ2 gold Edition Multiplayer...150,000 units..x30 net....=4,500,000
Klingon Honor Guard ..using the unreal engine
............................200,000 units..x25........=5,000,000 Falcon4.0...................200,000units..x30.........=6,000,000
Back Catologe...............100.000units..x30.........=3,000,000
Europeon release of MEchcommander and reorders...(which by the way is selling very well)
...........................250,000units..x25.........=6,250,000
OEM and DIstribution.................................=4,000,000
TOTAL =28,750,000 Before the closed studio they needed 25 million in revenues to break even now I suspect it's about 23 million....
28,750,000 - 23,000,000 = 5,750,000 /5,700,000 shares = 1.00 a share
Even in worst case senerio they should break even...
Q3 Christmas qtr Sep-Dec
Europeon Air WAR...............125,000units...x30.........=3,750,000
Top Gun Hornets Nest...........200,000units...x25.........=5,000,000
Star TRek Birth of A federation..200,000units.x25.........=5,000,000
KLingon Reorders...............200,000units...x25.........=5,000,000
Falcon 4 reorders..............200,000units...x30.........=6,000,000
Back Catologe..................200,000units...x30.........=6,000,000
OEM and Distribution.......................................=5,000,000
TOTAL=35,750,000-23,000,000=12,750,000/6,000,000 shares=2.125 a share
Again in worse case senrio they will make some money...
Other major Games for the first part of 99
Mechwarrior3 ..series has sold millions
Grandprix3 ..gp2 sold over a million copies..
Civ3 and CIV2 Test of Time...
The problem right now is cash flow and possible delisting from the nasdaq because of minimum bid price...SO the are between a rock in a hard place...THQ has great management..and MPRS now has great products comming out in the near future....so it could be possible a winwin situation..but I would like to hear counter opinions and
Factual whys? and only the future will tell...all these games can easily be viewed at www.gamespot.com...if the link is not present just go search and put in E3
Coy |
