It's a Piper Jaffrey upgrade notes for THQI.
Its English S u c k s, so does the analysis. Guess that Analyst is an easy job. After a company had a blowout quarter, keep pumping it. And after a company missed a quarter, keep bashing it.
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It's the Perfect Time to Buy THQ
THQ reported blowout earnings of $1.58 per share vs consensus estimate of $1.15. With the report, THQ has officially proven it can produce hits in a hit driven business. The "Incredible" Quarter was driven by the "Incredibles."
THQ, the blacksheet of the video game industry, has proven that it can swing in the big leagues. This quarter, THQ produced a multi-dodeca platinum title based on the "Incredibles." The company produced earnings that beat estimates by 20% and raised guidance for 2005. The quarter's performance, for a company that trades at a 50% discount to its peers such as Electronic Arts and Activision, was nothing short of stellar.
THQ proved that it can produce hits.
The traditional discount given to THQ should now be removed. At a P/E of 18, THQ trades at a significant discount to its peers which trade at a P/E of 36. Based on its current price, THQ should trade at a 100% premium or $54 per share.
Shares are very undervalued
In many hit driven businesses, there are those that can produce hits and those that cannot. THQ has proven that it can producte hits. The current price of $27 is a significant discount for THQ.
Lockin of Top Titles Should Reduce Risk of Business
THQ has locked in the incredibles for an extended period. With the game publishing rights locked up, THQ has brought a franchise to its fold.
Target Price - $54
Its English S u c k s, so does the analysis. Guess that Analyst is an easy job. After a company had a blowout quarter, keep pumping it. And after a company missed a quarter, keep bashing it.
-- -------------------------------------------------------
It's the Perfect Time to Buy THQ
THQ reported blowout earnings of $1.58 per share vs consensus estimate of $1.15. With the report, THQ has officially proven it can produce hits in a hit driven business. The "Incredible" Quarter was driven by the "Incredibles."
THQ, the blacksheet of the video game industry, has proven that it can swing in the big leagues. This quarter, THQ produced a multi-dodeca platinum title based on the "Incredibles." The company produced earnings that beat estimates by 20% and raised guidance for 2005. The quarter's performance, for a company that trades at a 50% discount to its peers such as Electronic Arts and Activision, was nothing short of stellar.
THQ proved that it can produce hits.
The traditional discount given to THQ should now be removed. At a P/E of 18, THQ trades at a significant discount to its peers which trade at a P/E of 36. Based on its current price, THQ should trade at a 100% premium or $54 per share.
Shares are very undervalued
In many hit driven businesses, there are those that can produce hits and those that cannot. THQ has proven that it can producte hits. The current price of $27 is a significant discount for THQ.
Lockin of Top Titles Should Reduce Risk of Business
THQ has locked in the incredibles for an extended period. With the game publishing rights locked up, THQ has brought a franchise to its fold.
Target Price - $54
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