Kicking out the carjacker
Shares of Take-Two Interactive
Sure, not every company is a perfect match. But I still don't get the market's reaction to the news. Take-Two isn't Yahoo!
That didn't stop the market from giving Take-Two the Microhoo treatment. Down it went, and the heart-wrenchingly rocky market didn't help. However, with Wall Street projections recently inching higher for the company, on the strength of the Grand Theft Auto and BioShock franchises, is there a better value out there on the market?
With analysts expecting Take-Two to earn $2.10 a share this year -- and the stock in the mid-teens -- Take-Two is sporting a 2008 P/E multiple in the single digits. That's not just cheap. To borrow the premise of its flagship auto-theft game, it's a steal.
Briefly in the news
Here's a quick look at some of the other stories that shaped our week.
How the mighty have fallen! VMware
Shares of Sirius XM Radio
What have you done, AIG
Until next week, I remain,