Take Two's Stock Plummets - RaychelSnr's Blog

RaychelSnr's Blog

Take Two's Stock Plummets

Posted on December 4, 2009 at 10:44 PM.

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Just wanted to post a quick note to mention Take Two's stock plummeted nearly 30% today after news the Publisher wasn't going to meet revenue expectations. At the closing bell on Friday, Take Two's stock was valued at 7.76, down from it's high of nearly $28.

Even more interesting is the Take Two stock chart. You can clearly see where the EA buyout rumors hit in 2008 and now you can see the stock is worth just 25% of what it was before the market tanked last year.

Basically, we are seeing confidence in Take Two wane as of right now among investors due to a lack of quality titles across the board. I highly doubt we see another MLB Front Office Manager (or any other riskier title) anytime soon:

Comments

# 1 PhillsPhan26 @ Dec 4

They should of sold the MLB license when they had the chance. Now if they sell now they are not going to get nearly the amount they would of when EA tryed getting it the first time.

# 2 coachlenny @ Dec 4

What games came out this year? (thats not related to GTA)

MLB 2k9
NHL 2k10
NBA 2k10
Bigs
Mafia II (is this out?)

Was there anything else?
Did the 2k Play Games come out yet?
Is GTA the only game keeping them in business.
I understand Bioshock 2 is coming next year and I keep hearing about Borderlands but how are they making money?