You: "But more importantly, THQ should track down at least 2 really good licenses and buy them for the long-term (at least 3-5 years)."
Me: "I'm very interested to see what THQI does with the cash, I'd like to see them secure some first rate license agreements personally."
With the caliber of the management, I pretty sure this is also the plan, hence the commitment to BUILD UP the cash, rather than petty spend it on smaller license agreements. Also, I imagine the other factor being wokred on is increased distribution, to bring the same products to more potential markets.
Is buying back shares the real best move, or is that a psychological move? I'm not suggesting it might not help, it probably would, but I'm not sure if it would be wise to tie up capital, if that meant giving up the rights to a cherry license deal.
Buying back shares to counter dilution is a real good reason, but with the dilution that has already occurred, THQI has still been able to keep EPS growing at a very healty clip. It just seems to me the best possible course of action is to secure some top rate deals, I remember the last WCW fiasco, when THQI announced obtaining WWF, life got better :o)
Rugrat Regards, JB
P.S. Fishing results in : 2 Stripers (Striped Bass), one 14 pounds, the other 9 pounds. I had a nice catfish hooked, he got away, darn.
P.S.S. Marc, your thoughts on securing a first rate PC license make a lot of sense. |
