Search Results for "mcz"

Madcatz (MCZ) Q1 09 Results

By: ispeculatornew | Date posted: 08.28.2008 (6:00 pm)

MCZ – Madcatz Interactive (AMEX) – (Closing Price $0.76)

Madcatz reported its fiscal 2009 first quarter results on August 19 and reported decent numbers.

The company came in with revenue of 23.23 million and diluted earnings per share of -0.01. Revenue improved 6.2% sequentially and 59% year over year. However, without the revenue from the Saitek acquisition (7.5 million during the quarter) revenue would have been up only 7.9% over last year. EPS improved a penny from the prior quarter but was down a penny from last year. Gross profit, which has been a focus for Madcatz, improved both sequentially and year over year. It is interesting to note that Madcatz showed sequential improvement in revenue and EPS even though Q1 is its slowest quarter. (more…)

MCZ Q3 2008 Results

By: ispeculatornew | Date posted: 02.20.2008 (10:44 pm)

MCZ – Mad Catz Interactive (American Stock Exchange) – (Closing Price – $0.82)

Mad Catz announced its fiscal third quarter 2008 results after the close yesterday and reported decent results. However, the stock sold off around 19% today because the company didn’t report an improvement in EPS and investors in the current market are extremely skittish and impatient.

Mad Catz came in with revenue of 34.27 million and earnings per share of 0.06. Revenue declined 6% year over year and EPS declined by a penny. The CEO blamed the shortfall in revenue on the strategy of eliminating less profitable product placements and focusing on higher margin products. While this strategy resulted in a higher gross profit margin, it didn’t translate into improved EPS. This is one reason investors decided to jump ship today.

I don’t think the focus to eliminate less profitable products was the only reason to blame for the decline in sales year over year. Consumers worried about a potential recession reigned in their spending this holiday season. This also factored into the sales shortfall. In spite of the weariness of consumers I still figured Mad Catz would post an increase in profits. However, Mad Catz reported big increases in sales/marketing expenses and G&A expenses. These unexpected increases resulted in the decrease in EPS year over year. (more…)

MCZ – Q1 2008 Earnings

By: ispeculatornew | Date posted: 08.21.2007 (12:00 am)

MCZ – Mad Catz Interactive (American Stock Exchange) (Closing Price – $0.94)

Madcatz reported its fiscal 2008 first quarter results last Tuesday and posted solid numbers.

Madcatz came in with revenue of 14.58 million and a net loss of 181 thousand (break-even on a per share basis). Revenues declined year over year due to the release of Real World Golf in the prior year. However, gross margin continued to improve and Madcatz was able to post break-even in its slowest quarter (both are significant items). (more…)

MCZ – Update

By: ispeculatornew | Date posted: 08.07.2007 (12:00 am)

MCZ – Mad Catz Interactive (American Stock Exchange) (Closing Price – $1.04)

The stock price of Madcatz has suffered an undeserved decline in the last few weeks, especially the last few days, so I am going to give and update of what I think caused this and where the stock price is headed.

There a quite a few factors that have contributed to MCZ’s decline. (more…)

MCZ – Q4 2007 Earnings

By: ispeculatornew | Date posted: 06.10.2007 (12:00 am)

MCZ – Mad Catz Interactive (American Stock Exchange) (Closing Price on Friday – 06/08/07 – $1.21)

Madcatz reported very solid fourth quarter results on June 5.

For Q4 07 Madcatz reported revenue of 19.33 million and earnings per diluted share of 0.01. Revenues were up 12 percent compared with the corresponding quarter last year and earnings per share improved by 0.07 (MCZ reported a loss of 0.06 in Q4 06). Madcatz also reported continued improvement in gross margin (29.1% in Q4 07 compared with 28.74% last quarter and 1.04% in Q4 06.) (more…)

MCZ – Update

By: ispeculatornew | Date posted: 05.13.2007 (12:00 am)

MCZ – Mad Catz Interactive (American Stock Exchange) (Closing Price on Friday – 05/11/07 – $0.90)

There have been many positive developments since my last post on MCZ.

Madcatz started shipping wired and wireless controllers for the Playstation 3 in March. They announced a new agreement to produce accessories for Mass Effect for the Xbox 360. They renewed their license agreement with the NBA to produce a new line of controllers and other accessories. Also, on Friday they announced an agreement with Microsoft to produce faceplates for Halo 3. (more…)

MCZ – Q3 2007 Earnings

By: ispeculatornew | Date posted: 02.21.2007 (12:00 am)

MCZ – Mad Catz Interactive (American Stock Exchange) (Closing Price – $0.83)

Madcatz reported very good quarterly results on Feb. 14 and I would recommend accumulating more shares.

For their 2007 fiscal third quarter Madcatz reported sales of $36.5 million. This was a decrease of 19% from the comparable quarter last year. However the decrease in sales was the result of a strategic move to eliminate less profitable products. Consequently, gross profit margin almost doubled and Madcatz reported a profit of 0.07 (which was an improvement of 0.07 compared to the previous quarter last year). (more…)

MCZ – Buy and Accumulate at Current Price

By: ispeculatornew | Date posted: 01.01.2007 (12:00 am)

MCZ – Mad Catz Interactive (American Stock Exchange) (Closing Price on Friday – 12/29/06 $0.58)

 

If you have been accumulating MCZ you have been able to buy shares at a cheaper price than I originally recommended MCZ at. I still believe MCZ is a good buy so I am going average Friday’s closing price with my other price recommendations.

 

If you look at MCZ’s chart you will see that the share price is due for another climb up. There will probably be a pre-earnings run also. If the share price does run up again before earnings I would lock in some gains. I would still hold the majority of my shares though and see what they report next quarter.
 
Disclosure: I currently own shares of MCZ.

MCZ – Buy and Accumulate at Current Price

By: ispeculatornew | Date posted: 12.17.2006 (12:00 am)

MCZ – Mad Catz Interactive (American Stock Exchange) (Closing Price on Friday – 12/15/06 $0.61)

 

When you buy stocks you shouldn’t buy all at once and hope the stock doesn’t decline. You should spread out your buys and if the stock does decline your average purchase price will go down. No one is able to buy at the absolute bottom and sell at the absolute top. Furthermore, no one can consistently time short term ups and downs. If you try this you will start to chase gains and you will lose your money very quickly. (more…)

MCZ – Initiation of Buy Recommendation

By: ispeculatornew | Date posted: 12.13.2006 (12:00 am)

MCZ- Mad Catz Interactive (American Stock Exchange) (Closing Price $0.65)

Mad Catz (ticker: MCZ) is a speculative play on the release of the next generation game consoles (the XBOX 360 and the Playstation 3). This company has improving fundamentals and will benefit from the hype surrounding the new game consoles.

Mad Catz sell peripherals such as controllers, racing wheels, and console accessories. Consumers will buy these products when they purchase their new consoles. The initial release of the consoles will help increase sales for MCZ but the biggest benefit should come after a year or so after the consoles have built a consumer base. (more…)