Originally Posted by landshark
What are the thoughts on TTWO? They are currently at $15-16/share but are usually over $26 a share after they release a new Grand Theft Auto video game. They have a new one coming in September and I'm considering put some money into it.
I actually dug into TTWO recently..I'd stay away unless you think the next GTA pop isn't priced in (or sales #s exceed expectations) then could be a nice short term trade.
They lose money every year that a new GTA game isn't released, and the development cycle lasts about five years (GTA IV came out in 2008). Revenues this year will exceed $2 billion for the first time, thanks to GTA V, but will plummet by over 30% in fiscal 2015. Bioshock did have incredible reviews.
Do you know where to find "average price of games sold" historical data? Seems like the $60 or whatever it is pricetag only lasts like 3 months now