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

To: Kelvin Taylor who wrote (9896)	2/25/1999 1:04:00 PM
From: Kory	Read Replies (5) \| Respond to of 14266

Kelvin, I buy companies on fundamentals and value, not on news and momentum. I would love to buy THQ at the cheapest price possible since I want to own the business, I am not really interested at all in where the stock price is except for two reasons: 1) Am I getting good value when I buy, such that downside risk is minimal. At anything less than $20 a share, we are talking a trailing PE of 10, and an annual return rate of 10% assuming no growth. Very good in my book. Also, some significant book and cash value now. It isn't that it isn't a good value at $25 - just is an even better one at $20. 2) The only reason I would like the stock price higher is because of retention of talent at THQ. Like it or not, in this industry, top talent will go were they can get paid in the form of lucrative stock options. If THQ's price remains depressed for too long - it is possible that key talent will leave for greener pastures. The only other way that a low stock price is bad for shareholders is if you are looking to sell. If you need to sell now, you have my sympathies. If you wanted to get rich quick - I say "bad luck". If you are an investor, I say celebrate the earnings and how well our business is doing. Kory