Pachter: 2008 is going to be better for Midway |
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If you've read Midway's first quarterly earnings announcement, then you'd have known that the company is losing quite a bit of dough. Despite this, however, it seems that key people in the industry are feeling optimistic about Midway's situation.
None other than Wedbush Morgan analyst Michael Pachter saying that he expects the company to perform significantly better this year than last year.
Why is he feeling optimistic, you ask? Michael Pachter reports that his firm, Wedbush Morgan, has been advising investors to hold on to their shares of Midway stock that they might be thinking about selling, adding belief that Midway can indeed bring the bacon home if it can earn revenues above the US$ 300 yearly level.
Pachter also noted about how he thinks Midway have already hit rock bottom in the past, and from there on in, there's nowhere to go but up. Here's hoping that that's true - we certainly wouldn't want to read about the company who brought us our fondest memories of fatalities and animalities to go under. Updates as we get them.
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Comments
Unfortunately he doesn't answer the question....why does he beleive midway will get better....other than saying that his boss beleives so and that they have hit rock bottom and can only go up......not the greatest reasons... Their only saving grace can be UT3 on 360, hoping that it sells ridiculously well (yeah....right) or that MK vs DC is actually a good fighting game.....but that seems doubtful as well....however, if they have sub-zero being able to rip batmans head and spine out of him and hold it triumphantly before the screen, then perhaps there is hope....
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