Take Three?: Third Time Is Not Yet a Charm Edition
[I put this up a few weeks ago, and then took it down. I don't know why, so now I am putting it back up. Enjoy.] A couple weeks ago Take Two announced the termination of takeover discussions with all parties, but it seems the “victory" over the would be invaders is Pyrrhic at best. While the company will certainly survive, whether the actions were in the best interest of the shareholders is up to debate. With the decision to remain fiercely independent seeming set in stone, maybe Take Two will finally move to more fiscally responsible plan than “Rockstar makes all the money and 2K spends it” If last quarter’s events taught us nothing else, we learned GTA’s value has always been factored into the stock price. After the smoke cleared, we see the company is worth roughly the same thing as it was the day Strauss Zelnick entered the board room. I know all the game stocks are down now, but the most recent USD 380 million plus decline in market value happened before any of ...