LanceLongstiff Posted December 21, 2008 Share Posted December 21, 2008 Shares in Take 2 Interactive have fallen sharply in the last week, following the release of the abortion known as Grand Theft Auto IV (for Windows), to a price not seen since GTA went 3D. Considering that the game was most likely intended to be the first of a trilogy based on the same engine, it seems that R* have really shot themselves in the foot. Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/ Share on other sites More sharing options...
mva5580 Posted December 21, 2008 Share Posted December 21, 2008 If you think they've fallen like that just because of GTA IV not running well on PC, well forget it. You can figure out what I think. The share price continues to nose dive because they didn't sell to EA. Period. Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790493 Share on other sites More sharing options...
-jr- Posted December 21, 2008 Share Posted December 21, 2008 It started going down back in Sept. I wouldnt blame GTA4 for windows for the drop, but I dont think it helped any. Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790497 Share on other sites More sharing options...
LanceLongstiff Posted December 21, 2008 Author Share Posted December 21, 2008 The failed takeover would explain the price dropping to what it was before the takeover bid, and maybe a little lower. It wouldn't justify a drop to the pre-GTA3 price. A drop that sharp suggests a loss in faith of the franchise itself. Considering how they were planning to sell two sequels off the back of this (VC and SA), this could end up costing them a billion. That's what's reflected in the sale price. Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790528 Share on other sites More sharing options...
Allonzo Posted December 21, 2008 Share Posted December 21, 2008 The failed takeover would explain the price dropping to what it was before the takeover bid, and maybe a little lower. It wouldn't justify a drop to the pre-GTA3 price. A drop that sharp suggests a loss in faith of the franchise itself. Considering how they were planning to sell two sequels off the back of this (VC and SA), this could end up costing them a billion. That's what's reflected in the sale price. Fall of the american economy maybe? Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790532 Share on other sites More sharing options...
LanceLongstiff Posted December 21, 2008 Author Share Posted December 21, 2008 I wondered how long it would be before somebody came up with that. Fact is, sales of items like video games and dvds go UP during a recession. It would have little if any negative affect on Take 2's shares. Basic economics. Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790545 Share on other sites More sharing options...
TruXter Posted December 21, 2008 Share Posted December 21, 2008 This is where Take Two's stock always sits when they have no large announcements on the horizon. Typically it will sit here until an announcement, after the announcement they get to about 13 points and sit untill about 6 months before release of said item. I know this because I usually buy in about now. sit on it till announcement wait 3 months and sell out. I have been doing this for years now. go here and scroll your mouse wheel back a couple years. all the way to 2001 Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790560 Share on other sites More sharing options...
eagle016 Posted December 21, 2008 Share Posted December 21, 2008 The failed takeover would explain the price dropping to what it was before the takeover bid, and maybe a little lower. It wouldn't justify a drop to the pre-GTA3 price. A drop that sharp suggests a loss in faith of the franchise itself. Considering how they were planning to sell two sequels off the back of this (VC and SA), this could end up costing them a billion. That's what's reflected in the sale price. Fall of the american economy maybe? It's the fail of decent coding WAYY more than it is the fail of the American economy. Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790573 Share on other sites More sharing options...
Allonzo Posted December 21, 2008 Share Posted December 21, 2008 Hmm I just raid an article in a dutch magazine saying that game companies dont endure heavy losses or any losses at all during a recession like this one. They are the group that keep on buying no matter what happens in the economy because if they have a job and money they will keep on buying games and not notice a recession Is this true guys?? Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790578 Share on other sites More sharing options...
TruXter Posted December 21, 2008 Share Posted December 21, 2008 Hmm I just raid an article in a dutch magazine saying that game companies dont endure heavy losses or any losses at all during a recession like this one.They are the group that keep on buying no matter what happens in the economy because if they have a job and money they will keep on buying games and not notice a recession Is this true guys?? I kinda feel that way. Recession,???? Hah, gas prices and every other price is so fricken low right now I can buy so much stuff. Recession is bs and only for those invested in specific items. Not so much for the common folk. Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790587 Share on other sites More sharing options...
LanceLongstiff Posted December 21, 2008 Author Share Posted December 21, 2008 I've checked the charts and the last time T2 was anywhere near this low was just before anyone ever heard of GTA3. They then had pretty consistent growth throughout 2002-2006, which coincided with the releases of VC, SA and the PSP games. Although there have been noticeable drops in share price a few months after a major release, it has never dropped below the previous 'phases' low, so even the drops have shown consistent growth over one another, until this one. Also bare in mind that T2 have not faced criticism like this, or a threat to its No. 1 franchise. It's a safe enough investment, but I don't think it'll be the performer it was. Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790593 Share on other sites More sharing options...
LanceLongstiff Posted December 21, 2008 Author Share Posted December 21, 2008 I wondered how long it would be before somebody came up with that. Fact is, sales of items like video games and dvds go UP during a recession. It would have little if any negative affect on Take 2's shares. Basic economics. Did you miss this Allonzo? Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790598 Share on other sites More sharing options...
TruXter Posted December 21, 2008 Share Posted December 21, 2008 The slider is a bit complicated. as you move it around really fast you skim an average. as you adjust the date , you see a better detail of a region. Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790612 Share on other sites More sharing options...
ceedj Posted December 21, 2008 Share Posted December 21, 2008 (edited) Recession is bs and only for those investedin specific items. Not so much for the common folk. Orly? Tell that to the 1,000 or so workers being laid off by EA in March 2009. Tell that to the 1.5 million plus jobs lost in the US in the last year. Tell that to the millions of homeowners facing foreclosure. Tell that to the Big 3 automaker workers who are very nervous these days. Tell that to me and my coworkers, whose hours are being slashed because of a lack of spending. Or maybe we're all just not common enough to feel the effects of a recession. What do I know? EDIT: And before you go "oh, I was just talking about stocks" then think about those who have invested in 401ks, and watched their retirements drain to almost nothing. Glad things are going well for you, but not everyone is so lucky... Edited December 21, 2008 by ceedj Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790643 Share on other sites More sharing options...
LanceLongstiff Posted December 21, 2008 Author Share Posted December 21, 2008 The slider is a bit complicated. as you move it around really fast you skim an average. as you adjust the date , you see a better detail of a region. That example shows when the sales of GTA3, VC and SA had virtually run out. They were riding a wave from 2002-2006 that dipped occassionally, but never dropped to pre-GTA3 levels. They definately didn't see their stock fall following the release of GTA3, to below the GTA3 price. I'm not saying the price won't recover somewhat, but they're a very long way off their 3-year average of around $18, with nothing but but an expansion pack to get them there. They're definately a much worse bet than before GTA4 (PC). And try this chart, you might find the slider less complicated. Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790651 Share on other sites More sharing options...
ceedj Posted December 21, 2008 Share Posted December 21, 2008 Side note, clicked on your sig Lance, clicked the red button, and got this: "The article you've requested is no longer available." Telling me something maybe? Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790662 Share on other sites More sharing options...
LanceLongstiff Posted December 21, 2008 Author Share Posted December 21, 2008 I got Iron Ma'am Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790687 Share on other sites More sharing options...
TruXter Posted December 21, 2008 Share Posted December 21, 2008 Oh, I get it.. What I posted does not show a "whole day" like today. ..... Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790699 Share on other sites More sharing options...
ObsessedWithGTA4 Posted December 21, 2008 Share Posted December 21, 2008 Fall of the american economy maybe? Agreed! Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058790962 Share on other sites More sharing options...
divinee Posted December 21, 2008 Share Posted December 21, 2008 only gta 4 has been good in sales this year. the 10 other games by t2 are not so good Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058791009 Share on other sites More sharing options...
JohnnyK77 Posted December 21, 2008 Share Posted December 21, 2008 Sorry guys, but share prices if ever rarely have much to do with what a company did - it's what is about to happen that is interesting. Take Two has a very bleak outlook for the current quarter (see http://www.marketwatch.com/news/story/take...D-499156C3CF2B} ), and that is the reason share prices plunged. An interesting part here (especially for those that think GTA4 is to blame): Take-Two had also reported a new deal with the key development team at its Rockstar Games unit, which created the blockbuster "Grand Theft Auto" franchise. The deal will keep the Rockstar team at the company for the next three years. Financial terms of the deals were not disclosed, though Take-Two said the agreements include profit-sharing terms as well as an agreement to fund the future development of other Rockstar titles that will be published by Take-Two.Most analysts cheered the deal. Doug Creutz of Cowen & Co. told clients in a report that the "shift to a profit-sharing arrangement from the old revenue royalty arrangement could benefit both Rockstar and Take-Two." Link to comment https://gtaforums.com/topic/386177-take-2s-shares-have-seriously-fallen/#findComment-1058791098 Share on other sites More sharing options...
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