Robert McWhirterHP Interactive CPHP.TOBUYAug 29, 2003
Still reasonably priced. Should be further upside. Their real opportunity for leverage is on the publishing side of the business. Ranks in the top 10% of their database.
(A Top Pick Aug 01/18, Down 16%) 3.5% dividend. It has done a great job but is only trading at 9 times earnings. It is a defensive stock and he is happy to own it. There is more upside than downside.
An industry that continues to consolidate. An interesting area. HIP is moving more to the publizing part of the business as opposed to the gaming side. Prefers this over Mad Catz Interactive (MCZ-T).
A very competitive industry. It may have had its day. Will probably have a big fourth-quarter because of big sales and nice earnings and that would be the time to sell.
A long base was created through to the end of 2003 and then a big run-up towards the year end but is now in a downtrend again. Trying to make a new bottom.