Niko's Revenge: TTWO Soars
Take-Two Interactive (TTWO) is on the offensive, the shorts are feeling the pain.
TTWO is up big time thanks to strong sales of NBA 2K13 and Borderlands 2. They beat the street by a landslide and "Digitally delivered content" was the big surprise. Digital downloaded content (DLC's) are now more than 23% of company's revenue. The future looks good for TTWO despite its rocky management. The have BioShock Infinite set to release next month and GTA V later this year. Take-Two is ready for its comeback. We told you to take a risk on Take-Two in Take-Two: A Classic Pullback in December when shares were under $12. Last summer when shares where in the $10 range we predicted the future digital download fiesta :
The future for Take-Two could be rich thanks to digital downloads, expansions packs for existing titles, and other cool products such as the Rockstar DLC Pass. Take-Two should reduce its sales using traditional brick and motor fronts and going direct to the consumer via high speed internet downloads. Take-Two makes more money that way. They don't have to pay to create physical copies of the game and let Wal-Mart (WMT) and others take a few bucks off the top. Digital sales represented 13% of Take-Two's 2012 fiscal sales.
Congrats to everyone who played the earnings call long and thank you for reading.
TTWO Chart for today & TTWO 6 Month Chart:
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Guest Post: Are Pipeline Spills A Foregone Conclusion? | ZeroHedge
- Executive Sweet? | Financial Sense
- Predicting the Price Action Into Today’s Closing Bell | iBankCoin.com
- A Look at Recent IPOs | iBankCoin.com
- Fortune Belongs to the Bold | Financial Sense
- Explaining This Week’s Market Jitters In One Chart | ZeroHedge
- As Of This Moment Ben Bernanke Own 30.5% Of The US Treasury Market... And Will Own All By 2018 | ZeroHedge
The most relevant financial news and articles from the Internets
- Tajikistan Blocks YouTube After Video Of Dancing President Goes Viral | Business Insider
- Jodi Arias Jurors Fail To Reach Sentencing Decision, Judge Calls For... | Business Insider
- Freelancers Will Change The Way We Collaborate In The Workplace | Business Insider
- The Economy May Be Able To Escape The Dreaded Economic 'Soft Patch... | Business Insider
- Biotech Stock Mailbag: Amarin, MannKind, Palatin | TheStreet.com
- Terrifying Video Will Make You Fully Appreciate The Destructive Power Of The... | Business Insider
- The Best Architecture And Design In New Orleans | Business Insider