Kory, most excellent post. Thanks a lot.
The only follow-up question I have is how much NOL has THQ used in the first three quarters of 1998? As I recall, it is either very little or none at all, so there should be a nice fat NOL boost to this quarter.
We've been getting some very well-reasoned earnings estimates on the boards, but I believe most of them are forgetting about the NOL and interest income. And a lot forget about international sales as well.
In case I forgot to post it earlier, here's some musings from Haines.
Marc
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Subject: $100 million in revenues
Here is how I arrive at $100 million in revenues.
# of units Price Revenues
WCW/NWO Revenge N64 1,200,000 $45 $54,000,000
Rugrats PSX 750,000 $30 $22,500,000
WCW Nitro PC 150,000 $20 $3,000,000
Rugrats GB 150,000 $20 $3,000,000
A Bug's Life GB 150,000 $20 $3,000,000
Reorders older titles 150,000 $20 $3,000,000
Europe (11.5%) $11,500,000
Total $100,000,000
figure 10-12% net margin x 11%
net income $11,000,000
figure 11.5 mil shares / 11.5 mil shares
earnings per share $0.96
current analyst estimates $0.69??????
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