TTWO

Take-Two Interactive Software Inc

TMT, Consumer


Presented:07/19/2016
Price:$39.93
Cap:$4.46B
Current Price:$156.05
Cap:$27.35B

Presented

Date07/19/2016
Price$39.93
Market Cap$4.46B
Ent Value$3.18B
P/E RatioN/A
Book Value$6.72
Div Yield0%
Shares O/S111.80M
Ave Daily Vol1,657,575
Short Int16.03%

Current

Price$156.05
Market Cap$27.35B
Take-Two Interactive Software, Inc. is a developer, marketer and publisher of interactive entertainment for consumers around the globe. The company develops and publishes products through its two wholly-owned labels Rockstar Games and 2K. Its products are designed for console systems, handheld gaming systems and personal computers, including smart phones and tablets and are delivered through physical retail, digital download, online platforms and cloud streaming services. Take-Two Interactive Software was founded in 1993 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: Take-Two Interactive Software Inc (TTWO)

Highlights

The presenter is long shares of Take Two (TTWO), stating that it is on track to transform from a “volatile trading stock” into a “stable earnings grower.” Its two core IPs, Grand Theft Auto (GTA) and Red Dead, should continue to perform well when new titles are released in calendar 2017 and 2018, and initiatives to smooth out earnings could see TTWO beat on expectations in the quarters leading up to the releases. The presenter is targeting $57 for fiscal year 2018 (calendar year 2018), based on a 16x EPS multiple plus cash on balance sheet.

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Idea Discussion

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