Mad Catz Interactive (MCZ.TO)

Ranks in top 25% of his model because of price action but forecasted not to make any money in 2010 and the loss of $.10. Has not talked to management or seen analysts’ forecast for 3 years.

#482, bottom third in his database. Expected to lose $.14 in March/07 and is expected to improve slightly for a loss of $.11.

A question of timing. A lot of people are playing the new gaming cycle and trying to position themselves in the game makers and hardware manufacturers. Has a pretty good product offering, but the market is now basically a “wait and see”. No one knows how well the new systems will be received or if they will be on time.

Ranks in the top 5% of the database. Earnings estimates have gone up by 19% over the most recent 3 months. A 92% increase in earnings on the back of a 16% sales increase. The P/E is 8 X against a 19% earnngs growth. An industry that continues to consolidate. An interesting area. Prefers Hip Interactive (HP-T).

Borderline of the bottom 1/3 of the database model. Had negative earnings. ROE is 10%. Rumors of a takeover. Looks cheap, but a wickedly competitive industry.

(Was a top pick on Oct 22. Down 24%) Still considered a speculative buy.

Expects Christmas will increase share price.