THQ gets stock delisting notice
Nasdaq has given THQ a stock delisting notice, giving the company 180 days to rise and maintain its stock at or above $1 per share.
Troubles continue to mount for THQ. On the heels of studio closures and layoffs, the publisher has now been given a stock delisting notice. If it can't get its stock prices in order in 180 days, it will be pulled from the Nasdaq Global Market.
The notice (via Joystiq) claims that THQ's common stock has closed below the minimum of $1 for 30 consecutive business days. It has until July 23, 2012 to close at or above $1 per share for 10 consecutive business days. We've seen the Nasdaq follow up on this before in the video game industry, when Atari was pulled. A delisting doesn't necessarily spell doom for a company, but it certainly doesn't bode well.
THQ is hoping to turn its fortunes around by cutting kids licensed properties, and renewing its focus on core games. An investor call scheduled for Thursday will sell its case to potential buyers.
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replySteve Watts posted a new article, THQ gets stock delisting notice.
Nasdaq has given THQ a stock delisting notice, giving the company 180 days to rise and maintain its stock at or above $1 per share.-
If I had some free cash, I'd be buying right now. I reckon they'll rise to at least a few bucks sometime this year.
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Agreed, they've got Darksiders II, Metro: Last Night, and South Park: The Game (which should sell well on franchise alone) coming out this year.
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Well I just picked up 400 shares, so I guess we'll see!
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It's just the leftover Fidelity IRA from a job I only had for a year and a half. I had it all in mutual funds when the market crashed and it went from about $4.5k to $2k. Since then I dumped the mutual funds, bought all the BP stock I could afford when the well caught fire underwater, and it's back up to $4.5k in BP stock. Recently BP gave me another couple hundred bucks for some reason or other, so I just put that into 400 shares of THQI :)
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Dividends! They paid out 5 pence per share?
http://www.bp.com/extendedsectiongenericarticle.do?categoryId=9038614&contentId=7070557-
Oh cool, they started those back up? I remember when I bought the shares they had frozen dividend payouts to help pay for the cleanup costs of the spill.
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The More You Know™
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Also i am disappointed that there is no indigo and violet colors so i can make a full rainbow
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I'm sure some one else would pick it up if THQ went under.
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BTW just because a stock gets delisted does not mean it will go under.
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how did they sink so low? Haven't they been moderately releasing goodish games lately?
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Not to the same acclaim, number, or consistency as in prior years.
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Rumors all around their recent restructuring (as well as the actual stuff that happened, like de-licensing and layoffs) brought them down hard. And that was after the stock had been in a steady decline over the past couple years.
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Saints Row 3 was great
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Man, I'm really debating throwing some money at this.
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Well, thats what they get for not making company of heroes 2 :(
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