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THQI: They Just Couldn’t Thread the Needle

November 6th, 2012

At no point over the past 3-years have we felt that we were in denial about the issues that THQI faced in trying to turn the company’s earnings prospects around.  We were intimately aware of the company’s disproportionate exposures to the very segments of the video game...

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THQI: Waiting on Darksiders…

August 7th, 2012

Realistically THQI’s 1Q13 results were more or less a side show.  The company did not release any new games in the quarter, so the focus of the earnings call was primarily on THQI’s release slate and efforts to reposition itself in the marketplace.  In one week, THQI will release...

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THQI: The Power of One

May 16th, 2012

In April 2009, in our very first report on THQI we wrote the following:“Over the past 15-months, THQI’s stock has declined in excess of 80% in large part due to poor execution by the company in its efforts to target “core gamers” and decreased receptivity among young consumers for...

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THQI: Perception vs. Reality

April 18th, 2012

For the first time in a long time, THQI shareholders received some good news today.  The stock has been in a steep decline over the past 4-5 months since the uDraw disaster.  We recognize that people remain highly skeptical of management’s ability to execute on its plan to transform the...

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THQI: Cost Cuts Likely Take Liquidity “Crunch” Off the Table and Are Bigger Than You Think, Option Value Remains...

February 3rd, 2012

THQI reported 3Q12 non-GAAP EPS that was actually higher than our forecast ($0.35 vs. $0.31).  Unfortunately consensus expectations were considerably higher, so we consider this somewhat of a...

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