Bleeker- a few questions, points:
PP 22 annual report says, "Neither Eidso nor any of its subsidiaries is a party to any material legal proceedings" does this mean that the "Myth" thing has been resolved (or is it viewed as not being "material")? I haven't heard anything about that in a while...
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Agree 100% that they need some sort of poison pill; the fact that EA would by a westwood over a comparably priced Eidos... nuts!
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Disagree about MPRS deal being "Absurd" Forget about the debt; total purchase price was 70M, 36M for stock and 32M for Debt +/-... $6.00/share loss is moot point. The stock had a reverse split; the only important number is sales and (net income). Though both have stunk, it is clear that the lineup is the best in their history, and the only reason they lost what they did is POOR MANAGEMENT! Hasbro also got experienced development teams to make conversions of the Avalon Hill board games (the rights to which they just bought), as well as European distribution channel and, of course, the Franchises...
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MPRS, was however in awful shape. The fact that they fell at only 265 of 298 according to Yahoo makes you wonder how 30+ companies can be any closer to bankruptcy and still be public...
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Regarding the economy, there is no doubt that the US is sitting pretty good, but I wonder just how much it would take to change this...I see the potential for Trade Deficit to exceed record levels..I see most numbers such as interest rates and employment being favorable..but I see the possiblity for either to get worse before getting too much better...I don't see any real wage increases, yet I see debt levels continually increasing...consumer credit levels don't include car leases- add that factor in and the credit thing looks even worse...I get at LEAST 7-8 Credit Card offers a week, as well as a CHECK in the mail for me to sign and do what I like with...Home equity loans are skyrocketing and at 125% of equity...Could even the mildest of recessions cause tremendous credit problems? What would it take to shut down this incredible housing markets? A recession? a change in employment rates? How many carpenters/builders/suppliers would be hurt? The banks? How many loans could be defaulted on? Is deflation not a possibility? Could all of this not lead to reduced Corporate earnings, and hence a Stock Market "crash"? If so, how would the "asset deflation" such a crash could cause affect housing (spiral down along with other factors), travel, and overall purchasing/consumer confidence? Sorry for the ramble and the "super-bear" scenario. I am not that bearish, but I do see the potential for genuine problems...
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