anyone follow it. just talked to my best sell sider on this name and it is worth 20. 1.50 normalized fwd EPS means the stock is @ a 10 x PE. that is crazy for the vid game space. a lot of the selling today is forced arb guy selling, not trading on fundamentals
With the EA offer off the table, and Earnings (post GTAIV) probably in decline. This is far from a sure thing. Probably worth somewhere between $18
> 1.50 normalized fwd EPS means the stock is @ a 10 > x PE. that is crazy for the vid game space. normalized fwd EPS…
buddha Wrote: ------------------------------------------------------- > With the EA offer off the table, and Earnings > (post GTAIV) probably in decline. This is far > from a sure thing. Probably worth somewhere > between $18 Im looking at add back of intangibles and control premium + 2010-1 numbers. 08 is meaningless. I’ll have a model after I finish my CAIA exam tomorrow.