Did Anyone Notice that Take-Two...

July 1, 2008 -

Did anyone notice that Take-Two (NASDAQ: TTWO) closed today at $25.14, or sixty cents under EA's current (and apparently endlessly renewable) $25.74 tender offer?

By our count it's at least the second time that TTWO has closed below the tender price in the past week, admittedly a rocky one for Wall Street. It seems kind of strange, since EA will buy all the TTWO you care to sell them at 25.74. Why would anyone sell below that price?

For interpretation, GamePolitics turns to Wedbush-Morgan super-analyst Michael Pachter:

GP: Mike, what do you make of TTWO closing well below the EA tender price of 25.74? That would seem to be a natural floor…

Pachter: The daily [share] price is the probability-weighted price of a [T2-EA] deal happening. [The expectation of] no deal is [priced] around $17-20, a deal at $28 has a relatively high probability. Before, the arbs placed a higher chance of a deal, and a higher [share] price.

GP: So are you saying that today's close $.60 under the [EA] tender price reflects a sense that the deal is now less likely?

Pachter: A combination of less likely or a lower expected deal price.  Probably more of the latter, as a tribute to EA's discipline.  Still very likely that a deal happens at $27-28.


Comments

Re: Did Anyone Notice that Take-Two...

Thanks good job;

Btw, I think Atari and Midway will drop out too, but mostly travesti because  these guys have done nothing travesti or little and need to start saving costs. and dizi izle

YES.

Now I don't have to get off my ass for the important shit anymore!

Whats next, ordering pizza from Xbox live?

Wait... I think that sounds like a good idea.

But I think voting should MAKE you get off your ass, and see outside or a second while you go vote. I mean, your picking the president of the United States of America for God's Sake... least you can do is drive down there and punch out a card.

Re: Did Anyone Notice that Take-Two...

I'm all for freedom of ttnet vitamin speech and allowing rent a car game makers to put whatever they want in games, but there's one thing about this app that has me scratching my head.  Correct me if I'm wrong, but from araç kiralama the previous article araba kiralama on this I gathered that players can use Google maps in-game to find the other (real-life?) dealers in their area.  If this is the case, has travesti anyone considered what's stopping someone from using this app to actually move drugs between hands for reals?

But majority araba kiralama of their outrage araç kiralama stems from what it could DO TO children, not the content itself.  Talk to one of these people and you'll find they don't think any books kiralık araba should be banned from children.  Mention American Psycho and they talk about kiralık araç the redeeming value of using imagination to construct a story.  Reading, no matter what the content, is largely viewed as a consequenceless activity for people of any age.  The reason why I mention American Psycho is because of the content itself.  Gaming never has and likely never will have any scenes where someone has sex with a severed head.  Not gonna happen.  Yet despite this, they'll fight tooth and nail to protect their children from two boys kissing in Bully but whatever they read is harmless... yeah.

The entire arguement is kiralık oto based upon a social normality inflicted by luddites who can't figure out the controls for Halo so it's frightening and terrifying and obviously the cause of youth violence on the rise even though, in reality, it's in decline (which is actually a HUGE suprise given minibüs kiralama the economies status).  In  a perfect world, we would have parents that actually parent.  The idea of sales restrictions on media on oto kiralama any form to accomidate parental unwillingness to get involved with their child's life is the real problem to me.  Here I am, 32 years old, and being held up at a self-scan rent a car needing to show ID before I can buy a $10 M rated game all because Soccer Momthra can't be bothered to look at the crap Billy Genericallystupidson does in his free time.  It's too hard for her, so I have to suffer?

Re: Did Anyone Notice that Take-Two...

I'm all for freedom of ttnet vitamin speech and allowing rent a car game makers to put whatever they want in games, but there's one thing about this app that has me scratching my head.  Correct me if I'm wrong, but from araç kiralama the previous article araba kiralama on this I gathered that players can use Google maps in-game to find the other (real-life?) dealers in their area.  If this is the case, has travesti anyone considered what's stopping someone from using this app to actually move drugs between hands for reals?

But majority araba kiralama of their outrage araç kiralama stems from what it could DO TO children, not the content itself.  Talk to one of these people and you'll find they don't think any books kiralık araba should be banned from children.  Mention American Psycho and they talk about kiralık araç the redeeming value of using imagination to construct a story.  Reading, no matter what the content, is largely viewed as a consequenceless activity for people of any age.  The reason why I mention American Psycho is because of the content itself.  Gaming never has and likely never will have any scenes where someone has sex with a severed head.  Not gonna happen.  Yet despite this, they'll fight tooth and nail to protect their children from two boys kissing in Bully but whatever they read is harmless... yeah.

The entire arguement is kiralık oto based upon a social normality inflicted by luddites who can't figure out the controls for Halo so it's frightening and terrifying and obviously the cause of youth violence on the rise even though, in reality, it's in decline (which is actually a HUGE suprise given minibüs kiralama the economies status).  In  a perfect world, we would have parents that actually parent.  The idea of sales restrictions on media on oto kiralama any form to accomidate parental unwillingness to get involved with their child's life is the real problem to me.  Here I am, 32 years old, and being held up at a self-scan rent a car needing to show ID before I can buy a $10 M rated game all because Soccer Momthra can't be bothered to look at the crap Billy Genericallystupidson does in his free time.  It's too hard for her, so I have to suffer?

Re: Did Anyone Notice that Take-Two...

I posted here two months ago that I sold my Take Two stock because it was over valued, and I obviously was right, but Dennis MCCauley, that great ecomomist and legal titan, wouldn't publish my post.

Once again, I was right.  And it never gets old being right.  Does it get old being wrong so much, Dennis?

Jack Thompson

 

 

Who Cares

And how much did you get for your amazingly irrelevent deal Jack?  A few bucks?  Sold a few shares...and how many tens of thousands of shares comprise T2?  What you did was not even a drop in the bucket.  Add the fact that T2 shares fluctuate a few dollars is no surprise.  The Dow lost over 200 points in one day, and ended the week up 70 points.   In the last 6 months, Google has gone from over 700 a share to roughly 540 a share.  Big deal Jack, see you at the unemployment line.

Re: Did Anyone Notice that Take-Two...

Um... yes he did. Do you even read your OWN posts here anymore? I thought that's what you LIVED on!

Re: Did Anyone Notice that Take-Two...

so you admit to selling your stock to make a profit?

岩「…Ace beats Jack」

岩「…I can see why Hasselbeck's worried about fake guns killing fake people. afterall, she's a fake journalist on a fake news channel」

Re: Did Anyone Notice that Take-Two...

Let me ask you, Jack. Does it ever get so old being an annoying douche who always thinks he's right when in fact he's wrong 99.9% of the time? Does it get old, Jack? Not to mention that, even if Dennis DID mention that you sold your T2 stock no one on this site would care. Besides, why the hell were you owning T2 stock in the first place? I thought you hated them because they sell their EVILLLLLLLLLLL video games to children?! Which, by the way, you havent been able to prove or provide a single shred of evidence of. Have fun living in fanastyland disbarred, Jack.

Re: Did Anyone Notice that Take-Two...

If I remember the stories correctly, as stated by the fine individual who replied to my former post, he wished to force them to let him speak at the stock holder meetings. He was going to rally the stock holders against the management and get rid of their controversial projects.

Re: Did Anyone Notice that Take-Two...

And your point is what exactly?

 

I sold my stock in National Dairies, but I don't expect the Dairy Industry's magazines to report this. Stock is bought and sold all the time by private indivuduals such as ourselves, Sir. While you may be relevent to many topics I hardly see why your portfolio would be of interest to those here.

Re: Did Anyone Notice that Take-Two...

Well he made a big deal out of it when he bought it in the name of trying to get investor information/into the shareholder meeting. So it's been of peripheral interest to a couple of stories. Him selling it wouldn't likely be of particular note though, unless enough people bugged Dennis about it.

-Gray17

Re: Did Anyone Notice that Take-Two...

follow up on this...

a little old now, but will give you the idea of my ire....

 

dennis, maybe you can ask him to confirm some these sounds bites he's provided? :)

http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stock...

Re: Did Anyone Notice that Take-Two...

Yep, Patcher's pretty much batting 0.000. Particularly amusing is his instance that he'd already factored in GTAIV sales when he called EA's offer a fair price, despite the fact that he grossly underestimated what those sales would be.

Personally I find his current insistance that "Still very likely that a deal happens at $27-28." to be quite amusing. EA hasn't budged on their offer price for months now. What makes him so sure they'll suddenly up their offering price? Does he really think the next Take Two reinteration of their rejection will finally move EA?

-Gray17

Re: Did Anyone Notice that Take-Two...

Pachter being out of touch and misinformed has never stopped him getting coverage and thus, undeserved credibility.

Re: Did Anyone Notice that Take-Two...

patcher is an ignoramius douche.  I've never posted on this board before, but i read alot of the stuff here.  Patcher claimed less than a month before EA's offer that there was zero chance that EA would make an offer for TTWO.  In fact, he only recently upgraded his price recommendation for ttwo from $9 bucks a share to something like $25.

 

This stock and company have a new found discipline and value.  Most analysts get it right 50% of the time. Patcher has repeatedly been dead wrong about the industry, especially when Take Two is involved. Dennis, please interview some of the long term shareholders that float about ttwo's message board on yahoo finance.  you'll find better analysis there than with Patcher.  Best example right now would be the fact that Patcher claimed initially that maybe 6 million copies of GTA IV would sell for the financial year (ends october). 

Currently GTA IV has sold 9 MILLION copies.  But apparently those prices were "baked into" EA's offer price, even though patcher missed the mark by millions of copies.  I could find more examples, but I can't really be bothered.  please stop using this guy as any kind of analyst.  His remarks just smack of a "can't admit I was wrong" attitude at best and possibly at worst "I'm a paid mouth piece of shorters or EA and am trying desparately to keep the share price down."

Re: Did Anyone Notice that Take-Two...

I don't know alot about stocks, but wouldn't EA be securing shares through options rather than outright purchases, at least until they were in a position to gain a controlling share?

Re: Did Anyone Notice that Take-Two...

Makes perfect sense to me. If no deal happens, which is still a possibility, the price will plummet, so the share price factors in that possibility.

Re: Did Anyone Notice that Take-Two...

Dennis, I defy you watch CNBC for any extended length of time a tell me anything day-to-day investors do makes sense.

---------------------------------

So speak I, some random guy.

 
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ZippyDSMleeWell it could be worse, like skyrim out of the box, a shame DAI dose not have that level of editing...05/25/2015 - 5:58pm
Zenpretty well without getting "nasty". Many people are disappointed in the decision and the about face on the status of the games development.05/25/2015 - 4:22pm
ZenEvery market has horrible people...but being like this towards all of them in a group is not a way to garner support and can make people more hostile towards you. Ironically his response was to someone that wanted to state a disagreement, but worded it05/25/2015 - 4:22pm
Goth_SkunkAs demonstrated by Ian's remarks, that 'market of possible fans' is apparently negligible.05/25/2015 - 4:18pm
Zeninformation while other versions had everything talked about openly.05/25/2015 - 4:15pm
ZenYeah, I've read through it and wanted to make sure I had it quoted correctly. I get there are issues, but this is horribly unprofessional and just burning a market of possible fans..many of which supported them and were waiting while getting little to no05/25/2015 - 4:15pm
Goth_SkunkOh wow. That's not even misquoted, he actually said that. Though for additional context in previous pages, he truly does not think highly of Nintendo console owners, and claims that in the industry, he's not alone.05/25/2015 - 4:12pm
ZenI also took a screenshot of the statement in case it is taken down (via my Twitter): https://twitter.com/zenspath/status/60293960536562483205/25/2015 - 4:05pm
ZenLink for my previous post - http://forum.projectcarsgame.com/showthread.php?27584-Project-Cars-Sales-figures&p=942776&viewfull=1#post94277605/25/2015 - 4:03pm
ZenProject Cars basically canceled for Wii U, Slightlymad Studios Head, Ian Bell, states "Yup, and if you need to pass this on, we really dislike Nintendo users" on Forum to Wii U players waiting for the game and disappointed in the news.05/25/2015 - 4:03pm
Goth_SkunkAnd now, a humorous gif. Oblivious Otter is Oblivious. http://i.imgur.com/zdUZOWo.gif05/25/2015 - 3:49pm
Goth_Skunka bonified game dev.05/25/2015 - 3:45pm
Goth_SkunkGranted, most of that feedback is going to be vicious, but if a novice dev knows full well not to expect their hastily strewn together game as the next Grand Theft Auto, such curmudgeonly feedback shouldn't deter them from their ultimate goal of becoming05/25/2015 - 3:45pm
Goth_SkunkAdditionally, Steam is a platform whereby these novice devs can showcase what they were able to put together and see what kind of feedback they can get from the community.05/25/2015 - 3:44pm
Goth_SkunkI don't think it's wrong for a novice dev to want to recover any losses from people willing to pay money for what they have produced, either. After all, every game dev had to start somewhere.05/25/2015 - 3:41pm
Goth_SkunkI disagree. I think that for novice developers, this tactic still at a fundamental level teaching someone the ins and outs of video game development.05/25/2015 - 3:41pm
PHX Corp@MW There are things that developers are doing that drive me up the Wall as a consumer, reused Unity assets is no Exception to said rule05/25/2015 - 2:17pm
Matthew Wilsonhttps://www.youtube.com/watch?v=5svAoQ7D38k this is stupid, and the fact its allowed is stupid.05/25/2015 - 1:52pm
james_fudgeHappy Memorial Day to everyone05/25/2015 - 7:13am
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