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...
READ MORE >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...
READ MORE >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...
READ MORE >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...
READ MORE >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...
READ MORE >THQI reduced its holiday quarter revenue guidance by 25% last night; the company did not provide an update on its EPS or cash flow expectations. In an ironic twist, all signs suggest that THQI’s core...
READ MORE >We’ve been watching our screens this morning in bewilderment at the stock price action in THQI. Make no mistake, Saints Row the Third is the most important title in the history of the company. ...
READ MORE >If we have learned anything about THQI over the past 30-months since we originally started recommending the stock as a long idea it’s that shares can turn on a dime. Even though the stock now trades more than 40% below where we...
READ MORE >In our preview of THQI’s 1Q12 earnings results we wondered aloud as to when the “summer of discontent” for shareholders would come to an end. Well it appears based on the company’s 1Q12 results, revised outlook for FY12, and stock...
READ MORE >The summer of discontent for THQI shareholders has admittedly lasted far longer than we could have ever imagined. Shares now trade at 1.0x book value and a meager 10.0x CONSENSUS estimates for FY12, both of which represent...
READ MORE >In the 7 trading days since the start of the annual E3 video game convention, THQI shares have declined 16%. The E3 convention has historically served as an opportunity for video game developers and publishers to...
READ MORE >In many respects, THQI’s 4Q11 earnings report and subsequent conference call was everything longs could have hoped for: The company reported EPS upside (even though revs were slightly below consensus) Quarter ending cash was higher than expectations Homefront has achieved profitability The...
READ MORE >In the six weeks ago since we penned a report entitled: “Homefront’s a Hit, the EPS Implications” we have been asking ourselves the same question over and over (and perhaps many of our clients have been saying the same thing) – What do we know? The 30% decline in THQI’s shares over the...
READ MORE >As long time followers of PAA Research know, we have been recommending the shares of THQI for quite some time now. Over the past three years, THQI has transformed itself from a company almost entirely focused on the publication of video games based on key licenses in...
READ MORE >THQI shares have declined 9.7% compared to a 1.3% gain for the S&P 500 since the company reported 3Q11 results and lowered its 4Q11 guidance. We were as perplexed as everyone else about the company’s decision to lower 4Q11 guidance a few weeks prior to what could...
READ MORE >THQI reported 3Q11 earnings results after the close yesterday. You can read the full earnings release here. The headlines are that the company beat consensus expectations for the December quarter, but...
READ MORE >THQI will report 3Q11 earnings after the close on Wednesday February 2nd. Since the release of THQI’s drawing based peripheral for the Wii on November 14th (uDraw), the stock has rallied 41%. ...
READ MORE >At the depths of the summer swoon and what proved to be the nadir for THQI shares, we issued a report entitled "THQI: The Waiting Has Been the Hardest Part, Finally Some Catalysts for THQI". It was late August and THQI shares...
READ MORE >THQI's "summer of discontent" appears it could finally be coming to a close. Since Memorial Day, THQI shares have lost close to 40% in value. THQI shares now trade below book value and appear to discount a scenario in which the company...
READ MORE >Earlier this evening THQI hosted its investor presentation at this year's E3 Expo. The company's presentation focused on its impressive core gamer title slate for CY11. Think about it this way: THQI spent almost an hour discussing more than a dozen...
READ MORE >THQI will release one of its key titles for FY11 tomorrow, UFC Undisputed 2010. Expectations among gamers, MMA fans, and investors is high following the strong sell through for UFC Undisputed 2009 and...
READ MORE >THQI reported 4Q10 results after the close and provided initial guidance for 1Q11 and FY11. You can read the company's earnings release here. The earnings results and initial guidance provided by management were inline...
READ MORE >THQI spent the better part of FY08 and FY09 streamlining its studio system, reducing headcount company-wide, and altering its project development process. It was an arduous, painful process...
READ MORE >This report was originally published on 1/13/10.Approximately 2-weeks ago we published a report highlighting our positive expectations for Darksiders, THQI (6.5 ↓0.31%)’s second major launch of owned...
READ MORE >This report was originally published 12/31/09.In our original report on THQI (6.5 ↓0.31%), we argued that FY10 would represent the company’s transition from a pure “kids” and “licensed”...
READ MORE >This report was originally published on 9/22/09.THQI shares rallied strongly today based on rumors that the company could be “in-play” as an acquisition target. This is not the first time there has been rampant speculation...
READ MORE >This report was originally published on 7/29/09.It has never been our intention to write about one company on a daily basis or give our thoughts about every single earnings release (there are plenty of traditional sell-side firms that do a...
READ MORE >This report was originally published on 7/28/09THQI will release its 1Q10 earnings after the market close today. The company will host a conference call at 5PM EST. You can listen in here. We have written at length about the...
READ MORE >This report was originally published on 7/27/09.THQI announced this morning that the company received a favorable ruling in its binding arbitration with JAKKS Pacific Ltd surrounding the two...
READ MORE >This report was originally published on 7/12/09At a fan expo for UFC 100, the chairman and CEO of UFC, Lorenzo Fertitta made a few comments about UFC Undisputed 2009 and responded to a question about Electronic Arts’s imminent foray into the MMA space. Here is...
READ MORE >SELL/SHORT
$230
SELL/SHORT
$55
LONG
$70
SELL/SHORT
$4
SELL
$50
SELL/SHORT
$45
SHORT
$18
SELL/SHORT
$5
SELL/SHORT
$42
LONG
$75
SELL/SHORT
$50
SELL/SHORT
$50
LONG
$5.50
SHORT
$50
SHORT
$28
LONG
$65
LONG
$37
PAIR TRADE
$10
PAIR TRADE
$30
LONG
$35
SHORT
$35
SELL/SHORT
$10
SHORT
$101
SHORT
$15
SHORT
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SHORT
$9
SHORT
$0
PAIR - LONG BGG/SHORT TTC
25%
PAIR - LONG BGG/SHORT TTC
25%
SHORT
$14.00
SHORT
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SHORT
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SHORT
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SHORT
$30
PAIR - LONG KNL/SHORT MLHR
25%
SHORT
$100
LONG
$8
LONG
$20
SHORT
$22
PAIR - LONG CSGP/SHORT LOOP
40%
LONG
$35
SHORT
$275
SHORT
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