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Take-Two’s Stock Got The Incompetent Management Blues

Posted Friday, June 9th, 2006 at 11:35 am by MJG

John Lee HookerHow does the company that outright owns Grand Theft Auto (and published recent hits Civilization IV and Oblivion) lose over half its market value in the space of a year? Take-Two was valued at a 52-week high price of $29.60 per share— 51 weeks ago. With trading down $2.50 a share today, the current price is in the mid 14’s. Historically, that’s a net gain of about zero since Grand Theft Auto III became a hit almost five years ago.

Who’s getting paid the millions of CEO dollars to piss away all that revenue?

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