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

To: Kory who wrote (9965)	2/26/1999 10:15:00 AM
From: AreWeThereYet	Read Replies (1) \| Respond to of 14266

Kory, THQ has not received any respect in 1998 or its best year in recent history. The stock price appreciate significantly less than its earning growth which I stated in my previous message(s). OTOH, many blue chip stocks climb much ahead of its growth, internet stocks even..........without earning! THQ is trading around same price +/-10% as last year today. Is this the respect we are looking for? Go figure. aC

To: Kory who wrote (9965)	2/26/1999 10:40:00 AM
From: Trippi	Read Replies (1) \| Respond to of 14266

Kory -- with all due respect anyone who thinks THQ has ever gotten any respect and true value from the street has not been in it very long. I have held THQ since late 1996 or early 1997 (long enough to not remember exactly when I got in). Yes the stock had a 3 for 2 split during that period -- and yes I have a 400% or so gain over the 2 years I have held the stock. So I have nothing to complain about. But I can state categorically that the stock has rarely traded anywhere near its fair value compared to every other stock in its industry -- all of whom on a fundamental basis (earnings growth etc) it has outperformed. Having lived through the ups and downs of THQ -- and having held through all of them -- I agree with you that those who buy here and hold will be rewarded -- probably with a $40 or so stock price by the end of the year -- but that doesn't change the fact that that price would easily be fair value for the stock today. We are growing much faster than ERTS, yet ERTS has a PE of nearly 40 -- the highest PE I ever remember seeing THQ at is 35 and that was for a matter of days -- today we are beating ERTS on Earnings, Earnings growth, games in top 20, etc -- yet ERTS still has that PE of 40 and we have a PE in the teens if that. Yes fair value and what the value the market places on a stock are two different things -- but the market has rarely if ever given THQ its fair value. Anyone who is a long term holder knows that -- and yes most know to no longer be frustrated by it (at least not for longer than a quarter or two) <g> Trippi