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Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?


To: vc21 who wrote (7342)7/28/1998 6:49:00 PM
From: Todd N. Weisrock  Read Replies (1) | Respond to of 14266
 
Steinberg, over at II, wrote more good things about THQ today:

"It looks to me like Chmn./Pres./CEO Brian Farrell is building a world-class interactive gaming company. THQ Inc. (Nasdaq: THQI) announced yesterday that it will raise $60M through a convertible bond offering in which notes will convert into common stock at a premium. The offering will fund new acquisitions and development and expand foreign distribution. This is low cost equity, folks.

Last week, the company pounded estimates by 76%. At 11x earnings, I think THQI looks cheap!

--Jono"