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…)