Ben-DutkaTHQ isn't doing so hot these days. First came the rumor that their entire 2012 slate was canceled (which turned out untrue), then came layoffs and ex-employees blasting the company for poor decisions.
Now, as THQ races to restructure and refocus their business on their "core franchises," they face another issue: today, the publisher has confirmed that it has received a warning from the NASDAQ global stock exchange. Basically, if the company doesn't post some gains, THQ will be removed from the exchange. They can appeal the decision if they so choose, but their primary goal right now needs to be the increase of their stock price…which is kinda low.
THQ's stock has been below $1 for 30 consecutive days, which prompted the warning. Right now, if you're brave, you can snag one share of THQ for only $.70. The company will have to get back to $1 or higher, and they'll have to keep it above that mark for ten consecutive days before July 23, 2012. This isn't the first time a game publisher has faced removal from the public stock exchange; Atari and Majesco were warned twice.
Well, Saints Row: The Third did very well, so maybe that can save them. They have other promising titles on the horizon as well, don't they?
Not a big THQ fan, but they have been putting out better and better content. Hope they pull themselves out of this rut.
Darksider's pulled in over a cool million in units sold, maybe two. Itagaki hasn't released a game that's below a million, I think. And with Crytek supposidly on the Homefront 2 job, things look bright there as well. So hopefully things will start looking up.
Last edited by Temjin001 on 1/31/2012 11:02:37 AM
That's not good. If anything this announcement will probably lower their stock as investors will probably want to sell the stock if they own it. They probably will be traded over the counter, but its tough for a company to avoid bankruptcy after being de-listed.
Me and my friends love playing Saint's Row 3 and are looking forward part four. And with two Warhammer games and a new Metro game, and a possible new Company of Heroes entry, I think they'll pull out of this before long.
I picked up WWE 12 lol.
This is what happens when you make bad games.
Like wich one?
Darksiders, Saints Row, WWE, Red Faction, Movie-to-Game video games. They do publish Metro though…so…that's awsome. hurray for opinions.
Last edited by LegendaryWolfeh on 1/31/2012 5:05:10 PM
All of them in my opinion. I have never found a THQ game where the quality, creativeness and tastefulness was there. They just don't make anything worth paying for or spending time with. I think their stock being in the crapper is evidence of this. Companies who's stock is doing well tend to make a product or perform a service people want. THQ is obviously not one of those companies.
come back and say that when they actually make one.
every game THQ has made this gen has either been awesome, or decent.
worst game they made was homefront and that was not exactly a abomination!
metro 2033 was a f*cking masterpiece!
so was red faction guerrilla!
They can't all be überpolished glossy high budget producers. I think they made a really entertaining title in Red Faction Guerilla, and I *love* Saints Row.
It would be sad to lose them.
I'll buy some shares.
Was thinking the same, Haha. I'm sure it'll go up but I doubt it'd be anything insane so it wouldn't be much profit :
any profit is good profit.
-If- it's a profit.
Even if they grow a little, if they go bankrupt, so do your shares. And they won't warn you about bankruptcy, either. There isn't much risk left, as it can't go down too much more. (Although, it -IS- very possible, and there aren't any indicators yet to say it will go up.)
If they go up, there is a lot of room for growth. A LOT of room. But it's still a gamble. It might not go up, (could go down) and if they go bankrupt before you sell… you lose your entire investment.
Basically, I would only invest in it if you have money you won't be too cut up about losing. At least, that's how I'd approach it if I were looking into investments or mutual funds. I might conceivably invest in them as a percentage of a mutual fund so the overall loss would be minimal. But I would be 99% likely to definitely not invest any decent sum of money solely in them.
Yeah, like the Stock Market is in any position to demand consistency.
HA.
lol fair enough.
At the same time, many companies would declare bankruptcy well before getting their shares that low in value. Even ones going bankrupt in hopes to revive in another stream would bail before that point. It's not really about consistency at that level. It's about whether or not something is breathing. And the NASDAQ has a responsibility to investor groups and members to not allow a company to be registered that has no hope of avoiding bankruptcy.
When your share is that low… it's basically like hanging from a thread while crossing your fingers. There's almost no value to even work with to dig yourself out. Their only hope is that they -already- have plans that have been approved -short term- to pull their socks up. If they haven't gotten prepared to make a change yet, then it's probably already too late.
If a game like SR III can't help raise the stock… they're done.
The last thing I want to see is THQ go out of business, or some company like M$ or Antivision to gobble them up.
I should check on buying some of their stock, if for no other reason, just as a gamer trying to help them out in some little way.
I honestly hope they hang in there, that Southpark game is gonna be some crazy shit yo.
I doubt I'll be getting that, but I bet it will sell!
eh, once darksiders 2 and metro last light are out all will be well again!
i feel sorry for THQ, there like insomniac.
they release awesome game after awesome game but they always get poor sales.
i mean deblob 2, saints row 3, homefront, dakrsiders, metro 2033, red faction guerrilla, armageddon, were all awesome games, but did not exactly set the sales charts on fire.
THQs problem has always been spending a shedload of cash on games, and spending so long on them.
and look where that got 3D realms………
there not THAT bad, but if your going to fund a high budget game thats going to take so long, and cost so much, you need a smaller market, a yearly income you can rely on.
and they really dont have that!
yea they have the WWE series but thats not exactly shelling in the millions there spending on making their games.
would be interesting to see how much they spent on making metro 2033, saints row 3, homefront and such, and see how much they made back on it
TBH i think its a f*cking miracle they have not gone bankrupt yet!
they should delve into the mobile market, they could make a fortune there and use it all on their big budget games.
after all, saints row is not doing it for them now is it?
things are definetly looking up for them though.
metro has gained a really strong fanbase, so has darksiders, and with itagaki on devils third, and crytek on homefront 2 they should have several big hitters in the years to come!
not to mention inSANE which, well, we know nothing about but i have big, BIG hopes for!
Last edited by ___________ on 2/1/2012 1:31:56 AM
I wish I had a ton of money and could buy them so I could own all their IPs
Assuming enough are up for sale, it would be cool to say, "Yeah, I own that company. I basically made that game."