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Friday, December 23, 2005

[Hot Gadget]More Xbox 360 Stock

Today for the hot gadget stock we are adding one more stock to the Xbox 360 stock list. Interestingly the stock is a penny stock which now trades at only $0.80 per share. The penny company is Mad Catz Interactive(MCZ), a San Diego, CA based game accessories and software maker for major game console such as Nitendo, Sony PlayStation, Sega Dreamcast and Xbox.

On Thursday, December 22, Microsoft and Mad Catz signed an agreement in which Mad Catz will become an official software publisher for Microsoft Xbox video game and entertainment system for Microsoft in North America and Europe. The agreement allow Mad Catz to publish games carrying Xbox logo and endorsement by Microsoft. Such an agreement means so much to a company that is trading under a dolloar per share with market cap of only $43.4 million. In addition the agreement should bring big boost to the slowly increasing revenue which records $112 million dollars as of March this year.

The stock was up as high as 30% after the announcement but profit taking keep the stock attractive under a dollar. With stock still trading at 52 week low, look for more upside for the stock.

You may visit the game accessories maker's online store to get a more detail understanding of the product.

3 Comments:

Blogger James Baker said...

Hey Blogger, you have a great blog here! I'm definitely going to bookmark you!
I have a loans center site. It pretty much covers loans center related subjects.
Come and check it out if you get time :-)
Best regards!

10:01 AM  
Blogger James Baker said...

Hey Blogger, you have a great blog here! I'm definitely going to bookmark you!
I have a loans center site. It pretty much covers loans center related subjects.
Come and check it out if you get time :-)
Best regards!

10:01 AM  
Blogger James Baker said...

Hey Blogger, you have a great blog here! I'm definitely going to bookmark you!
I have a loans center site. It pretty much covers loans center related subjects.
Come and check it out if you get time :-)
Best regards!

10:01 AM  

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