THQ (THQI -39.1%) is getting walloped following its FQ2 report. Though results beat (very low)...
THQ (THQI -39.1%) is getting walloped following its FQ2 report. Though results beat (very low) estimates, the company suspended its FY13 guidance, delayed the release of South Park: The Stick of Truth to early FY14 from March '13, and stated it will need fresh capital to finance game development. THQ, which has $100M in convertible notes due Aug. '14, says it has engaged an advisory firm to help evaluate alternatives. With its market cap now standing at just $12.7M, it's safe to assume many doubt THQ's ability to avoid bankruptcy. (transcript)
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