SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?


To: StaggerLee who wrote (2618)12/17/1997 9:04:00 AM
From: Andrew C.R. Biddle  Read Replies (2) | Respond to of 14266
 
Question to all. When do you think the price of THQI will close above $23.00? Do you think it will happen before next earnings release?

This stock has had a great year and rewarded investors. The future looks brite but there are hurdles to jump. Even Todd Wiener talks about selling some and Todd I see you took your sceaming buy quote off your profile.

I am not bearish on the stock. I am still long the stock although I am more of a trader than an investor. I bought monday sold yesterday; also did same thing with ERTS.

Happy Holidays To All
Andrew



To: StaggerLee who wrote (2618)12/17/1997 10:50:00 AM
From: Sigmund  Read Replies (1) | Respond to of 14266
 
Time to go long?

You make the point that any cash squeeze would be limited to Christmas next year. There are many ways to finance receivables short of selling more stock.

Any detailed cash flow analysis would have to be done by month and take into account the timing of paying royalties. What is the time differential between paying royalties and collecting receivables?
The other thing that is very important is the cash requirement for internal development of games. I assume that part of the rationale behind this year's stock offering was the funding of internal development. If Heliotrope is considered as being key to future expansion than this might require additional financing. If carefully considered and a correct decision, that is a plus not a minus. Even this might be handled in ways other than offering more THQI stock i.e. by selling stock or an interest in Heliotrope.

I'm not too worried about the cash requirements of growth and success. It is a nice problem to have.