3SOF

Hi Board Members,
any comments about VLTR and MCZ today.
MCZ with cup and handle, BO should be soon.

Why was VLTR down? Any ideas?

TIA

O.

After further evaluation I would pull the trigger on MCZ.  Probably hit $3.  That would be my goal for that stock.

Happy trading

hey saffey,

i am looking at MCZ.  did u buy it?

did u see the report from Knobias, Inc on MCZ ?  its free on their site.

rocket8

Never did.  Chickened out.

MCZ made a move yesterday.
Let us watch it . Back above the 50-day EMA

setravis
I have shares in MCZ bought it back in summer. was given an alert that this will be a good Christmas time holiday play. I use a trading system I call MOM/MA and I use 28 days for the MA. Yesterday it gave me the buy signal and even though their isn't no recent news other than earnings that was on Nov. 3rd I suspect that it might be the reason and with holiday's around the corner this might be the beginning of their first run up before Christmas.
Here's profile and recent chart. I use the MACD box below chart for my buy signals. Using 28 days for my MA when black line goes sbove the the blue line that is my buy signal. But you have to watch this stock. Over the summer I have watched it many times go in the .80 range and drop back to the .60 range. So this might be a fake run up for now. But it's a sign of what's to come.

Mad Catz Interactive, Inc. engages in the manufacture, distribution, and marketing of peripherals for the interactive entertainment industry. Its video game accessories and software are marketed under the Mad Catz and GameShark brand names. The company produces aftermarket peripherals and accessories for the Nintendo Game Boy Color and Game Boy Advance, Nintendo 64, Sony PlayStation and PlayStation 2, Sega Dreamcast, and the Xbox. Its products include video game controllers and accessories, including control pads, game enhancement software, steering wheels, joysticks, memory cards, video cables, light guns, dance pads, and microphones, as well as technologies, such as the MC2 Next Generation Racing Wheel, Dream Pad, Dream Blaster, Dual Force Analog Controller, Panther XL, and the Dual Force Hand-Held Racing Wheel. Mad Catz markets its products in the United States, Canada, and Europe. The company was founded in 1989 and is headquartered in San Diego, California

Look for MCZ to go higher after the release of the new Xbox game console after Thanksgiving. Has already made a good run since last post. AS i said I'm holding my shares till it goes to 1.50. Good luck trading to all :)

Press Release Source: Mad Catz Interactive, Inc.

Mad Catz Launches Xbox 360 Accessories
Monday November 21, 3:21 pm ET

SAN DIEGO--(BUSINESS WIRE)--Nov. 21, 2005--Mad Catz Interactive, Inc., (AMEX/TSE:MCZ), the world's leading third party video game manufacturer, today launched an extensive line of products for Microsoft Xbox 360(TM) video game and entertainment system. The line-up includes the much anticipated Xbox 360 GamePads and Xbox 360 NFL Removable Faceplates -- both officially licensed by Microsoft -- in addition to the MC2 Racing Wheel, HeadCom Pro, High Definition Component Cable, S-AV Cable, Digital Audio Cable and Extension Cable for the Xbox 360 System.

"In keeping with our goal to create the industry's highest quality and highest value products, we have developed an extensive line of accessories for Xbox 360. We are confident that the new TURBO feature will build upon Xbox 360's realism for hard core and recreational gamers alike," stated Darren Richardson, President and CEO of Mad Catz, Inc. "The Xbox is off to a great start, and we believe this same excitement will be evident as other next generation consoles launch. The new Mad Catz lineup of accessories reinforces our commitment to simultaneously serve the current and next generation, and introduce margin-driving revenue streams that diversify our offerings."

Mad Catz Xbox 360 GamePads

Mad Catz is launching its premium Game Pad Pro. The 360 Game Pads are the most technologically advanced controllers Mad Catz has produced to date. Every aspect of the controller has extensive design, feature and engineering enhancements to optimize gaming performance. The game pads, both PC and Windows compatible, mark the debut of Mad Catz' unique analog stick design, which has allowed for a slimmer, more ergonomic controller. A MicroCON version of the premium pad and a standard game pad will be available to consumers shortly after the console launch.

I don't know much about TA, but this looks like it may be ready for another leg upward.

Any opinions?

poorman1

Poorman1
I have played MCZ more than once for the Christmas holiday play. This stock is in bullish upward trend. It just crossed ove the MACD centerline. They are estimating in April when earings come out it will be @1.80. It will steadly go up till then with maybe a few pull backs. The closer it gets to Christmas the higher it will go then it will probably pull back till it gets closer to earings. I bought shares back when they were @1.00. Today they are in th 90's so i'm almost in positive territory again and I will sell mine @1.50 for a 50% gain. That is my trading plan. If you get in it depends on how long you want to wait to seek the gain you want.

MCZ is going on my watchlist, coming off a "W" bottom and consolidating in a bullish pennant.

p.s.  la-onda, can you edit your initial post so that instead of "VLTR & MCZ" it just says "MCZ"? Seems this thread is mostly about MCZ.

Results for MCZ     Stocks To Watch Mad Catz Intract 
   Tuesday, 29 Nov 2005, close AMEX 

Analysis updated every 30 mins starting at 10:30am EST   
Overall Summary:    65%, Bullish
      35%, Bearish    Trade Quality:   Upside:  50%, Poor
    Downside:  90%, Excellent    Alerts:   Breakout

  Price & Volume     View the Full Consultant page for MCZ                      Indicator Intro

Scale: 0 - Neutral, 10 - Extreme   

PRICE  0.93, +0.02 pts (+2.2%), Tuesday, 29 Nov 2005, close
  5, up from yesterday's close.
Typical price range from yesterday's close : ± 0.03 pts, ± 3.4%

VOLUME  537.8k shares, +21% compared to the typical daily volume over the past 6 months.
Typical daily volume is 444.3k shares over the past 6 months.


  Overall Summary     A summary of bullish and bearish indicators.          Summary Help

   Should only be used as a general guide. Please look at the indicators for more detailed understanding.

BULLISH  Confirmation - Strong bullish 3 day chart pattern with Good 3 day accumulation.
Confirmation - Strong bullish 1 day moneyflow
Confirmation - CONFIRMED breakout above 0.89, no resistance in area just above.
 

BEARISH  Probability - Intermediate trend possibly bearish, Sideways trend near upper resistance.
Probability - Overbought, odds favor short trades.
Probability - Strong Up trend (1 month), not sustainable, occurs only 15% of the time, expect trend to turn sideways or lower.
 

SUMMARY   ----    3, 
3 bullish confirmation indicators.   Very Mild Outperform, short term (1-6 wks)

3 bearish probability indicators.   65%, Bullish
----   35%, Bearish


 

RALLIES/PULLBACKS  Typical: 20.4% (0.19 pts) stock price move occurs 25% of the time.
** Current price area  Extreme: 26.9% (0.25 pts) stock price move occurs 5% of the time.


  Position Indicators     Indicators for positioning trade entry and exits.          Positioning Help


1 DAY PRICE CHANGE   5, up (+0.02, +2.2%) from yesterdays close.

SHORT TERM DIRECTION   5, rally.

OVERBOUGHT/SOLD   8, Overbought, odds favor short trades.

1 MONTH TREND   8, Strong Up trend, not sustainable, occurs only 15% of the time, expect trend to turn sideways or lower.

INTERMEDIATE TREND   -5, possibly bearish,
** Past 4 months  Sideways trend near upper resistance.

RESISTANCE/SUPPORT  0.93, just above resistence, 0.86 ± 0.03, type triple, strength 10
          Res/Support Help  Resistance Above : +12.9% at 1.05 ± 0.04, type double, strength 10
          Res/Support Movie  Support Below : -7.5% at 0.86 ± 0.03, type triple, strength 10
 


  Timing Indicators     Indicators for timing trade entry and exits.          Timing Help

   3 Day Chart Alert analyzes over 120 three day candlestick patterns!

3 DAY CHART ALERT   10, Strong bullish 3 day chart pattern.
  6, Good 3 day accumulation, occurs 40% of the time.
Days BackStrong BullishMild BullishNeutralMild BearishStrong Bearish05101525>>Show 2 Day Avg3 Day Chart Alert (over last 25 days)3 Day Chart Alert (2 day avg)

View more 3 day Chart alerts @ StockConsultant.com



MONEYFLOW   7, Strong bullish 1 day moneyflow,
occurs 30% of the time.

BREAKOUT  CONFIRMED breakout above 0.89, no resistance in area just above.
Type: True breakout from triple resistance. 
Target: 1.04, 11.8%   Stop: 0.87,   Loss: 6.5%,   Profit/Loss ratio: 1.8 : 1 - Fair
  Breakout stock patterns

BREAKDOWN  None.


View Intraday, 1 year and 8 month charts for MCZ @ StockConsultant.com



  Resistance & Support Areas     Over the past 8 months.          Resistance/Support Help

     Type: Number of times a stock has stopped at a resistance/support area, the more times the stronger the area.
Stength: Amount of volume occuring at resistance/support areas, the higher the more significant the area.



RESISTANCE/SUPPORT  0.93, just above resistence, 0.86 ± 0.03, type triple, strength 10
          Res/Support Help  Resistance Above : +12.9% at 1.05 ± 0.04, type double, strength 10
          Res/Support Movie  Support Below : -7.5% at 0.86 ± 0.03, type triple, strength 10
 
View the full resistance/support chart for MCZ @ StockConsultant.com 


  Upside Trade     Trade indicators for long trades.         Upside Trade & Breakout Help


TRADE QUALITY   50%, Poor
  Good trade quality is a combination of good profit, profit/loss ratio and target potential.

TARGET 1  Price: 1.01    Profit: 8.6% , for a typical rally.
Stop Limit/Trailing Stop Limit: 0.87     Loss: 6.5%
Profit/Loss Ratio: 1.3 : 1 - Poor

TARGET 1 POTENTIAL  Excellent, there are 0 resistance areas on the way to Target 1.
  Stocks may quickly rise to Targets when there are not many resistance areas blocking the way.

TARGET 2  Price: 1.05    Profit: 12.9% ,   Profit/Loss Ratio: 2 : 1 - Fair  for an extreme rally.

BREAKOUT  CONFIRMED breakout above 0.89, no resistance in area just above.
Type: True breakout from triple resistance. 
Target: 1.04, 11.8%   Stop: 0.87,   Loss: 6.5%,   Profit/Loss ratio: 1.8 : 1 - Fair
  Breakout stock patterns


   

TRADE QUALITY   90%, Excellent

TARGET 1  Price: 0.73    Profit: 21.5% , for a typical pullback.
Cover Limit/Trailing Cover Limit: 0.98     Loss: 5.4%
Profit/Loss Ratio: 4 : 1 - Excellent

TARGET 1 POTENTIAL  Fair, there are 2 support areas on the way to Target 1.
  Strong support areas may reduce the potential to reach short Targets 1 & 2.

TARGET 1 SUPPORT  -7.5% at 0.86 ± 0.03, type triple, strength 10
-15.1% at 0.79 ± 0.03, type single, strength 1
-21.5% at 0.73 is Target 1

TARGET 2  Price: 0.67    Profit: 28% ,   Profit/Loss Ratio: 5.2 : 1 - Excellent  for an extreme pullback.

BREAKDOWN  None.

TA expert, please help on MCZ.

Just my opinoin
This stock will move up slow. It's a Christmas Holiday play stock and the big payday will be when it gets closer to earnings sometime around March or April and should be around 1.80 or higher by then. Look at how the volume is beginning to pick up even though the price goes up a little and then stabilizes for a while but if you notice each time price goes up the volume increases and doesn't drop back down to much just like the price. Investors are grabbing the shares before the earnings date now because once their is a hint about how much they are generating from the holidays this stock will begin to climb higher than it is now.
As I said this is just my own opinoin, it may even be after Christmas before the price will begin to show the holiday results. The TA you read was from Nasdaq stock consultant that wasn't me I'm far from being a TA expert this is one game I think you will never learn it all and you will always learn something new
Goodluck trading :)

MCZ just popped on news:

Quote12:58PM Mad Catz and Microsoft execute publishing agreement for Xbox (MCZ) 0.80 +0.10:Co announces that it has signed an agreement to become an official software publisher for Microsoft's Xbox video game and entertainment system from Microsoft in North America and Europe. Under the agreement, Mad Catz will publish software titles that will be officially endorsed by Microsoft and carry the Xbox license logo. "This agreement is very significant for Mad Catz since it marks the first time we'll publish software for the Xbox console..."

These past couple of days I've been thinking that it looked llike a good entry point.  Oh well, its up 30% now.

MCZ: Blasting Up On MicroSoft News! Many don't even know about this yet. people on early vacation and the news was late... You have a chance on this dip. ;D

MCZ: Executes Publishing Agreement for Microsoft's Xbox
Thursday , December 22, 2005 12:59 ET

Mad Catz Interactive, Inc. (MCZ) announced that it has signed an agreement to become an official software publisher for Microsoft's (MSFT) Xbox(R) video game and entertainment system from Microsoft in North America and Europe. Under the agreement, Mad Catz will publish software titles that will be officially endorsed by Microsoft and carry the Xbox license logo.

"This agreement is very significant for Mad Catz since it marks the first time we'll publish software for the Xbox console," said Darren Richardson President and CEO of Mad Catz. "It is an important element in our strategy to publish games to be used in conjunction with our game-specific accessories and adds new revenue streams to leverage our existing infrastructure."

intraday chart:
http://www.windchart.com/stockta/analysis?symbol=MCZ&country=USA&cobrand=stockta

chart:

Many don't even know about this yet. People on early vacation and the news was late today... was able to buy the dip from HOD.

Some resistence at .95, which is where the HOD hit today and diped but once through that 95 looks real weak an resistence at $1 is nothing... then $1.15 is the next level of resistence

RSI bullish in a large way... 8) JMHO and GL

Looking good... strong support @ 0.64 cents

waitin for a pullback or entering from the beginning of today  ???

MCZ: Volume Spike; 106% > 20-adsv, Stock +25.71%
Thursday , December 22, 2005 13:20 ET

This is the 2nd VOLUME alert for MCZ in the past 7 calendar days.

Trading for Mad Catz Interactive, Incorporated (AMEX: MCZ) has been heavier than usual in today's session. By 13:20 ET, the stock had already traded 736,800 shares via 600 trades. The cumulative volume is 106.10% above its 20-day average of 357,495. Normally the stock experiences around 142 individual trades per session.

So far, today's volume surge has caused a net rise in MCZ's stock price. At the time of this alert, the stock was trading at $0.880, up $0.180 (+25.71%).

One year ago, the Company's shares closed at $0.820. The price has gained more than 7 percent since then.

Over the last 10 trading session MCZ has traded in a range between $0.660 and $0.850 and is currently trading 51.91% below its 52-week high of $1.830 set on March 14,2005 and 37.50% above its 52-week low of $0.640 from November 04,2005.

In the previous 3 sessions, MCZ trading has displayed a mixed trend. Closing results have been as follows:

December 21, 2005 --- closed at $0.700 down $0.010 (-1.41%) on 247,700 shares
December 20, 2005 --- closed at $0.710 up $0.020 (+2.90%) on 230,800 shares
December 19, 2005 --- closed at $0.690 up $0.010 (+1.47%) on 417,800 shares

The Company last released news on December 22, 2005 (today):

"Mad Catz and Microsoft Execute Publishing Agreement for Xbox"

MAD CATZ INTERACTIVE, INCORPORATED
Manufacturing, distributing and marketing innovative controllers and other peripherals for the console and PC game markets.

well, there was a little pullback today but looking higher now... Still high Volume for this stock and especially on a basic holiday trading day with lower volume overall... I believe we will see a great next week and on into the 1st of the year as people catch on.. This is a big deal for this comapany and can really make them... :)GLTA

% of Shares Held by All Insider and 5% Owners:  10%
% of Shares Held by Institutional & Mutual Fund Owners:  9%
% of Float Held by Institutional & Mutual Fund Owners:  10%
Number of Institutions Holding Shares:  12

This deal is really great for MCZ and should make them... new highs into the first part of the year

Short Interest Down 87.5% to 4.2K in Dec 2005 ;D

http://www.madcatz.com/

The Real World Golf is a smashing success in UK and EU. Will be released soon in US.

and the Slugger is another ground breaking game to be released soon.

MCZ just signed publishing agreement with MSFT for Xbox, and MCZ's Xbox games are going to have MSFT Xbox logo for stronger marketing power.

========

Hot on the heels of its recent success, Gametrak: Real World Golf in the UK, In2Games announces the completion of a major fundraising, global expansion plans and first details of new Gametrak titles.

Real Word Golf uses the Gametrak system to track your swing, in real-time, into the game – which has made it the only golf title in recent years to challenge EA's Tiger Woods in terms of sales and critical acclaim.

"The moment golfers have been eagerly anticipating...makes previous hit games like Tiger Woods look about as realistic as Space Invaders"
Mail on Sunday

In2Games has stepped up production of the Gametrak hardware to ensure sufficient stock availability for Christmas and beyond.

"We've been delighted with the success of Real World Golf to date, and would like to thank our retail partners, developers Aqua Pacific and our distribution partners Mad Catz" commented Elliott Myers, MD of In2Games "We look forward to an exciting Christmas – we expect Real World Golf to be a major hit with consumers and retail this holiday season."

2006 will see Gametrak hit the US, with Real World Golf on PS2, Xbox and PC slated for a Q1 release.

Alongside Real World Golf's success comes the completion of a major funding round, and the first details of forthcoming Gametrak games – bowling, basketball, first-person shooter and party game compendiums from In2Games, plus baseball from Mad Catz are all planned for 2006 release.

"Real World Golf has shown that direct motion capture gaming has captured the imagination of gamers and non-gamers alike," added Chairman Mark Strachan. "By bringing Gametrak's unique, immersive gameplay to a whole host of genres and platforms in 2006 and beyond, In2Games will change the way we play - forever."

One hot game makes the company a star, 2 hot games make the company a heavy weight player. Be ready to see MSFT, SNE, ERTS, TTWO etc. to make buyout offers once the games hit! IMO

should be a good day as people on vacation get caught up on the news from last week with microsoft.. GL

Bought today @.76. now wait for earnings

Press Release Source: Mad Catz Interactive, Inc.

Mad Catz Pounces on UK Company That Owns Innovative Technology
Tuesday January 10, 6:00 am ET 
Mad Catz Signs North American Distribution Agreement with In2Games for Gametrak(TM) Motion Capture system

SAN DIEGO, Jan. 10 /PRNewswire-FirstCall/ -- Mad Catz Interactive, Inc. (Amex: MCZ; Toronto), the world's leading third-party video game accessory maker, today announced an exclusive North American distribution agreement with In2Games. In2Games is a UK-based hardware manufacturer and entertainment software publisher. Mad Catz has acquired the rights to distribute the revolutionary Gametrak(TM) motion capture system and will launch two compatible game titles for PlayStation 2, Xbox and PC to retailers in the North American market.
Logo: http://www.newscom.com/cgi-bin/prnh/20030314/LAF049LOGO )

"Mad Catz has always been known for peripherals but we are expanding our offerings to include both cutting-edge hardware and new software titles adding new revenue streams to our already robust line-up," said Darren Richardson, President and CEO of Mad Catz. "By working with In2Games we have found a company that understands how to both excite the consumers and use innovative new ideas to drive the market forward."

This new motion capture technology will be used in a series of games to be distributed by Mad Catz in the first quarter of this year for a variety of consoles and the PC. The technology has the ability to accurately simulate many human movements down the millimeter and will be an integral part of many upcoming sports related titles. Mad Catz will be promoting this new technology and the games that use it in the 1st Quarter of next year as they launch.

"We are very excited at the prospect of working with an industry leader like Mad Catz," said Elliott Myers, CEO of In2Games. "They have both the expertise to bring a new product to market swiftly and the knowledge it takes to make that product a true hit with the public."

Please contact us for more information, or see our website at www.madcatz.com.

About Mad Catz Interactive, Inc.

PS3 Hits the market in November. Has ties with Microsoft for game play. Have a read yourself.

4 new consoles to be released this year. MCZ European market is growing. I think around here if you pick a buy in price you'll make good money over the 3 to 6 month if not beyond level!

A thread already running on this stock ,and here it is  !
Traders do a search before starting new threads.
Do an update to what already exist.
Starting numerous threads is just clutter on the boards.

Use the search.
Do an update to the thread that already exist.

Thread located here :   http://www.3stocksonfire.org/trading/index.php?topic=337.15

Prove to be back to big sales and a brighter future as sales increase along with the release of new consoles.

Sales all ready increasing in Europe and North America. They will increase as the PS3 hits America in November there on afterwards we should see steady sales increasing. Do your DD!

Use the search and you will see that this stock pick already has a thread
started.
Here....   http://www.3stocksonfire.org/trading/index.php?topic=337.15

And this looks to be the 2nd thread you started on the same one.  ???

Here is the thread Draak .......... Simple to find, without starting new threads.
Just search, and post you comments to that thread.
Numerous threads on the same pick is just clutter on the boards...

I only found 4 threads 2 from last year.

I like the chart and volume and is now rated a %100 buy.

Should soon be through $0.60 and onwards. PS3 release will bring the speculators and good news from new products and increasing sales will push this easily through the $1 mark.

The idea is to keep the history of a pick all in one thread,
or should I say traders talking back and forth on the same thread.... ???
instead of numerous threads on the same pick (clutter).

MCZ Volume. Break out coming. Uptrend on chart confirmed!

Here is the thread...... :-X >:D

MCZ is going to have a great first quarter on PPS. PS2 has had great sales lowering the inventory.

Gears of war was a big hit. PS3 WII products on the line and sold out. IE NFL controllers.

It's all good.

It's going to run. News coming with regards to business. Record sales and the PS2 is still the best selling console.

Watch for the break. DD!

chart update, nice move on no news...

Volume showing support and pushing for the next leg break.

Large block buying. Target price on good revenues $1.75.

Double$

"MCZ" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.   ;D                 
All history on a stock pick in 1 thread is awesome.   ;)                 
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.
Thank You....and good luck with all your trades....make some $$$      ;D     
   

http://www.engadget.com/2007/01/14/mad-catz-readying-its-own-wiimote-nunchuck/

Next break North after consolidation. Industry sales up %25 over the board in 2006 over the previous year.

$0.82 resistance looking ever closer. Global hardware, software sales from all major providers showing high increases in sales.

One for the radar. Low volume on Friday. With no sellers.

CC coming. Gears of war Top seller. Speculation coming into CC will take this far higher.

Revenues should touch 50 million +.

Wii 2  controller coming online from MCZ.

No resistance above with large buying on level 2.

PS3 controllers also coming on line. PS3 released in Europe in March.

DD!

Best CC in history coming into growth year.

Mad Catz Interactive, Inc. ("Mad Catz") (AMEX/TSX: MCZ), a leading worldwide third party video game accessory provider, today announced financial results for the three-month period ended December 31, 2006, the Company's fiscal 2007 third quarter.

Net sales for the quarter ended December 31, 2006 were $36.5 million, a decrease of 19.0% from net sales of $45.0 million during the prior year third quarter. Gross profit for the quarter increased 57.2% to $10.5 million from $6.7 million in the same period a year ago. Gross profit margin in the fiscal 2007 third quarter was 28.7% compared to 14.8% in the fiscal 2006 third quarter. Net income for the quarter ended December 31, 2006 was $3.7 million, or $0.07 per basic and diluted share, compared to $0.0 million, or $0.00 per basic and diluted share, in the prior year fiscal third quarter. EBITDA, a non-GAAP measure (defined as earnings before interest, taxes, depreciation and amortization), for the quarter ended December 31, 2006 was $6.2 million compared to negative EBITDA of $0.1 million for the quarter ended December 31, 2005. A reconciliation of EBITDA to the Company's net income on a GAAP basis is included in the financial tables accompanying this release.

Net sales for the nine-month period ended December 31, 2006 were $80.4 million, a decrease of 3.8% from $83.5 million in the same nine-month period of the prior fiscal year. Net income for the nine months ended December 31, 2006 was $3.0 million or $0.06 per basic and diluted share, compared to net loss of $3.3 million or $(0.06) per basic and diluted share, for the nine months ended December 31, 2005. EBITDA for the nine months ended December 31, 2006 was $7.0 million compared to negative EBITDA of $3.0 million in the same period of the prior fiscal year.

Fiscal 2007 Third Quarter Highlights:

Achieved record gross margin of 28.7%, up from 14.8% in the same quarter of the prior year, while gross profit improved to $10.5 million from $6.7 million in the prior year, an increase of 57.2%;
EBITDA rose to $6.2 million compared to negative EBITDA in the year-ago period;
Reduced total operating expenses to 13.7% of net sales in the fiscal 2007 third quarter from 15.1% in comparable prior year period;
Strengthened balance sheet as inventory was reduced by $6.8 million (34.2%) and net bank debt (outstanding debt less cash) was reduced by $11.4 million (51.9%) from the same period in fiscal 2006;
Shipped Gears of War® themed faceplates, Console Skinz(TM) and Console Crates(TM) to coincide with the launch of one of the best selling titles of the 2006 holiday season;
Introduced a range of accessories for Sony's PlayStation® 3 console and Nintendo's Wii(TM) console;
Launched Arcade GameStick(TM) for Xbox Live Arcade, Xbox 360(TM)and PC, bundled with three full Xbox Live Arcade games: Frogger®, Time Pilot® and Astropop®;
Acquired INAIR Personal Sound Technology - a development-stage technology which we believe has the potential to revolutionize headphone listening; and
Named Stewart Halpern, a finance, video game and entertainment industry executive with 25 years of experience, Chief Financial Officer.

Holding it's gains. Nice volume.
Agreement has come in with Microsoft.  :)

http://biz.yahoo.com/bw/070511/20070511005113.html?.v=1

uc.

There she goe's.

Can MCZ break out of the long term resistance.
Another good day today.

uc.

Just to add this to this thread:

David's Video Analysis on MCZ last week (rating 9 out of 10):

Earning's out after the bell today. I noticed we are at a golden cross (interesting timing). Halo3 comes out early September and Mcatz will be supplying the optional faceplates. I am long on this and it does look like it pretty good entry having come down to long term support. Some volume came in at the end of the day yesterday so it should be interesting to see.

uc.

Mad Catz Reports First Quarter Fiscal 2008 Results
Tuesday , August 14, 2007 16:00ET

SAN DIEGO, Aug 14, 2007 (BUSINESS WIRE) -- Mad Catz Interactive, Inc. ("Mad Catz" or "the Company") (AMEX/TSX: MCZ), a leading worldwide provider of third-party video game peripherals, today announced financial results for the fiscal 2008 first quarter ended June 30, 2007.

Net sales for the fiscal first quarter ended June 30, 2007 were $14.6 million, a 19.6% decrease from $18.1 million in the fiscal 2007 first quarter. Gross profit for the quarter increased 31.9% to $4.7 million from $3.5 million in the prior year first quarter. Gross profit margin for first quarter of fiscal 2008 was a record 32.1% compared to 19.6% in fiscal 2007 first quarter. Net loss for the quarter ended June 30, 2007 was $0.2 million, or break-even on a per share basis, compared to a net loss of $0.9 million, or $(0.02) per share, for the quarter ended June 30, 2006. EBITDA, a non-GAAP measure (defined as earnings before interest, taxes, depreciation and amortization), was $0.4 million in fiscal 2008 first quarter compared to EBITDA of negative $0.4 million in fiscal 2007 first quarter. A reconciliation of EBITDA to the Company's net loss on a U.S. GAAP basis is included in the financial tables accompanying this release.

Sales and marketing expenses in the fiscal 2008 first quarter were $1.7 million, or 11.9% of net sales, compared with $2.5 million, or 14.0% of net sales, in the same prior year period. For the quarter ended June 30, 2007, general and administrative expenses were $2.8 million, a 44.3% increase from $1.9 million in the prior year period. Research and development expenses increased to $0.3 million during the first quarter of fiscal 2008 compared with $0.2 million in the same quarter of fiscal 2007. The loss before income taxes for the quarter ended June 30, 2007 was $0.1 million, as compared to the loss before income taxes of $1.2 million in the prior year first quarter.

Fiscal 2008 First Quarter Highlights:

-- Operating loss in this seasonally slowest quarter narrowed from $1.2 million in Q1 '07 to a first quarter record of $0.2 million in Q1 '08;

-- Achieved record quarterly gross margin of 32.1%;

-- EBITDA rose to $0.4 million compared to a negative EBITDA of $0.4 million in Q1 '07;

-- Continued geographic diversification as European sales rose 69.4% from year ago levels to $4.2 million reflecting increased demand for new console products as well as increased sales to several key customers;

-- Increased penetration into the current generation console marketplace as sales of products and related accessories for Xbox 360(TM), Playstation(R) 3 and Wii(TM) accounted for 46% of the Company's net sales as compared to 11% in the prior year period and 39% in the fourth quarter of fiscal 2007;

-- Continued efforts to maintain strong balance sheet as net working capital increased to $14.6 million from $5.5 million (165%), net debt (outstanding bank debt less cash) was reduced by $10.7 million (97%) and inventory was further reduced by $0.3 million (2%) from the same period in fiscal 2007;

-- Continued to align current and upcoming Mad Catz products with professional sports leagues and highly-anticipated software releases:

       -- Entered into license agreements with Microsoft and
          Bioware(R) to produce a new line of customized accessories
          to support the highly-anticipated upcoming launches of
          Halo(R) 3 and Mass Effect(TM) video games;
       -- Entered into a license agreement with Ubisoft to produce a
          new line of customized accessories to support the
          highly-anticipated upcoming launches of Assassin's Creed(TM)
          and Tom Clancy's Splinter Cell Conviction(TM) video games;
       -- Entered into a license agreement with the National Hockey
          League ("NHL") to produce branded controllers and related
          accessories; and,
       -- Renewed and/or expanded license agreements with the major
          sports leagues including the National Football League
          ("NFL"), National Basketball Association ("NBA") and Major
          League Baseball ("MLB").


Commenting on the results, Darren Richardson, Mad Catz' President and CEO, stated, "During the first quarter, Mad Catz continued to see the benefits of our initiatives to add higher margin products and selectively eliminate existing products while improving operating efficiencies. Despite the fact that year-over-year net sales decreased due to contributions from Real World Golf sales in the prior year first quarter and ongoing effects of the console transition, we were able to achieve record gross margin levels of over 32% fueled by the continued elimination of select low margin product placements, lower inventory levels and decreased distribution costs. As a result of our improved operating efficiencies we were able to make meaningful progress toward profitability during what is seasonally our slowest quarter, and posted break-even EPS versus a $0.02 per share loss in the year-ago period.

"In addition to our progress over the past several quarters in driving operating efficiencies, we've also developed and acquired rights to an entertaining and diverse set of upcoming products. Mad Catz now has license agreements in place to create customized products and accessories for attractive brands including each of the four major sports leagues as well as agreements to produce accessories to accompany the launches of some of the most highly-anticipated software titles of the upcoming holiday season including Halo 3, Mass Effect, Assassin's Creed and Tom Clancy's Splinter Cell Conviction. In addition to these entertainment and sports licenses, we are diversifying our product offerings via adjacent categories and we plan to launch our proprietary AirDrives personal audio hybrid earphones utilizing the InAir(TM) Technology this fall. We are very excited by the prospects for this innovative technology as it creates a unique opportunity for listeners to integrate music into their every day activities, eliminating the need to choose between music and social interaction. Further, a recent study conducted by the San Diego Hearing Center demonstrates that AirDrives are the first earphones approved for all-day listening in accordance with House Ear Institute and Occupational Health & Safety Administration (OHSA) standards. We believe these health and safety benefits augment AirDrives' distinctive appeal."

Mr. Richardson concluded, "With our seasonally slowest quarter now behind us, the benefit of a broad portfolio of licensed brands and continued penetration into the current generation console marketplace, Mad Catz is poised to enter what will be an important holiday season. We are entering this period with improved levels of operational and working capital efficiency as well as early sales momentum of products and accessories for the current generation consoles. While we will continue to feel the effects of a difficult operating environment related to the prior generation of consoles, we believe we are well-positioned to take advantage of the opportunities ahead as the installed base of current generation consoles continues to grow. We are also continuing our ongoing efforts to expand our portfolio of relevant licenses, broaden our offerings into adjacent product categories and develop attractive hardware-software bundles, and we look forward to reporting our progress on these efforts as we seek to increase shareholder value throughout the remainder of the fiscal year."

Mad Catz Acquires Joytech(R) Assets from Take-Two Interactive Software, Inc.
Friday September 7, 8:45 am ET
Acquisition to Strengthen Mad Catz' European Market Position

SAN DIEGO--(BUSINESS WIRE)--Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that, consistent with its strategy to further diversify Mad Catz' products and geographic distribution capabilities, it has acquired assets and assumed certain liabilities of Joytech from Take-Two Interactive Software, Inc. (NASDAQ: TTWO - News) for approximately $3.7 million.
Joytech manufactures third-party video game peripherals and audiovisual accessories with retail distribution in Europe and North America. The addition of Joytech personnel will allow Mad Catz to initiate a European product development effort and bolster Mad Catz' sales team. The European market has been a key growth driver for Mad Catz and this acquisition reinforces that strategic initiative.

Mad Catz anticipates that the acquisition will add at least $10 million in annual revenue, leverage Mad Catz' existing infrastructure, add several new customers and products and expects the acquisition to be accretive within the first year of completion. The Company intends to finance the acquisition through a combination of cash on hand and borrowings under its existing credit facility.

Commenting on the transaction, Darren Richardson, President and Chief Executive Officer of Mad Catz, said, "This transaction is consistent with our strategy to continue to grow profitably, in part by diversifying our product line-up and geographic reach. Joytech's strong presence in Europe and growing presence in North America are expected to complement our current operations and further enhance our worldwide distribution network enabling Mad Catz to more efficiently deliver a larger portfolio of innovative gaming accessories to our customers worldwide.

"We remain committed to pursuing additional acquisition opportunities that can enhance shareholder value by leveraging our existing operating platform, further diversifying Mad Catz' product offerings and market reach, and solidifying our role as a market leader throughout the current console transition and beyond."

a good deal imho  8)

setravis, David or other board members any comments from your side?

fyi:
Bullish Video-Game Forecast

Wedbush Morgan Securities

WE EXPECT AUGUST U.S. RETAIL videogame console software sales data to be released after market close on Thursday, Sept. 13. We forecast sales of $445 million, up 12% compared to last year's $399 million.

Our estimate reflects $310 million in sales contribution from new platforms ([Sony's] PlayStation 3 (PS3), [Nintendo's] Wii, [Microsoft's] Xbox 360, [Sony's] PlayStation Portable (PSP) and [Nintendo's] DS) and current generation software sales of $135 million.

Sales growth over the last 12 months was a robust 16%, with last month up 11%. However, we expect more modest sales gains through the summer, as comparisons got tougher in June and remain tough until the holidays.

We estimate sell-through of 420,000 Wii, 240,000 Xbox 360, and 150,000 PS3 hardware systems. Our forecast assumes PlayStation 2 software sales of $107 million, down 31% compared to last year and much weaker than the last three month's average of -20%, but consistent with our full year projection.

We expect August sales to be driven by new releases: Electronic Arts' Madden NFL 08, Nintendo's Metroid Prime 3: Corruption, and Take Two's Bioshock along with continued sales of Activision's Guitar Hero Encore: Rocks the 80's Exp and Guitar Hero 2, Electronic Arts' NCAA Football 08, and Nintendo's Wii Play. We expect Xbox 360 hardware and software sales to increase over prior months due to the Xbox 360 price cuts.

We continue to expect contribution from next generation software sales to grow on a year over-year basis throughout 2007, more than offsetting modest declines in current generation software sales.

We expect major share price appreciation for the major video game publishers by the end of the year as investors gain confidence that the next generation console cycle is in full swing, and recommend that investors accumulate Activision, Electronic Arts, GameStop, THQ, and Ubisoft Entertainment shares at current levels.

Although we do not expect another PS3, PSP, or 360 price cut this year (nor one for the Wii), we think a cut for the PS2 or DS is possible. Any hardware price reduction could serve as a catalyst for sales growth later in the year.

We think that Sony's recent announcement of an IPO for its financial services unit (with an estimated $3 billion in proceeds) could forebode another PS3 price cut early next year. We believe that the company is interested in subsidizing sales of the console in order to stabilize its market share in the games market and grow its lead in the high-definition DVD market. We expect a price cut no later than April, likely to $399 for the 80-gigabyte model.

We expect PS2 software sales strength to persist throughout 2007, due to a blockbuster lineup of licensed movie-themed games released over the last few months, with year-over-year software sales declines of no more than 35%. We expect sales strength during the holidays with the release of the movie DVDs.

We expect software sales growth to remain at low-to-mid-teen rates in September (in spite of a 29% year-over-year comparison). Should we be right, we think that investors' concerns about a secular shift away from video games will subside, and we expect the U.S. publisher stocks to continue to appreciate.

chart:

nice chart today....

This Analysis was requested a while ago in the «Analysis on Demand (http://www.3stocksonfire.org/trading/index.php?topic=10288.0)» thread, which is available only for 3SOF Premium Members (14-Day Free Trial (http://www.3stocksonfire.org/premium_service.php) available).


1. Profile

Mad Catz Interactive, Inc. (MCZ), together with its subsidiaries, engages in the design, manufacture, marketing, and distribution of accessories for video game platforms in the United States. Its products include video game controllers and accessories, such as control pads, steering wheels, joysticks, memory cards, video cables, light guns, dance pads, microphones, car adapters, and carry cases. The company also markets game enhancement software and publishes video games. Mad Catz Interactive markets its products in the United States, Canada, and Europe. The company was founded in 1989.

2. Stock Price History
2.1. Chart since IPO

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=40245;image)

I guess there's some anomaly in this chart back in 1999, since in stockcharts.com I see the company's IPO at around $3.5 in November 1999.

MCZ fell 90% from the early 2000 high of $3.5 to the April 2001 low of $0.30. Then a recovery began which took the stock to a high of $1.98 in August 2001 (a 560% advance in just 4 months). It's interesting to note that the company's fundamentals justified these wild moves, because revenue shrank from $72 M in 2000 to $55 M in 2001. Then it rebounded to $85 M in fiscal 2002 (which started in April 2001) and the company returned a $0.02 EPS for the year. The stock price moved as expectations changed.

But then the market thought that a $1.98 stock price was too high for just $0.02 in EPS (the P/E ratio was 99) and the stock fell back down to a low of $0.43 in early 2003 (here the P/E was a more normal 21.5). Then another recovery phase and another dip back down to values below $0.5.

The 2nd big advance phase began in mid 2004 and lasted until early 2005. This was a 325% rise. Again, it was fully justified by the fundamental landscape, because EPS rose from $0.02 in 2004 to $0.08 in fiscal 2005 (which ended in March 2005). However, because the company couldn't sustain profits and indeed posted a ($0.12) loss per share in fiscal 2006, the stock fell 84% to $0.30, its all time low. This was in August 2006.

Now, one year later, MCZ closed at $0.99. The company reported EPS of $0.07 in fiscal 2007, so the trailing P/E is 14, which is moderately attractive.

2.2. Short term chart

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=40246;image)

In mid May, 2007, MCZ started a meaningful 100% plus rally. There weren't any news to justify the change, I guess it was just that the stock was too cheap. Earnings were out on August 14 and the market wasn't particularly interested, even though they were positive from a gross margin basis, as the company achieved a record 32% gross margin. Sales were down 19.6%, as expected.

I view the results as positive because MCZ's problem isn't the level of sales, but its low margins. The company is now a $55 M market cap company.

Technically, as we look at the chart since the IPO, it sure looks like another cyclical downturn is happening that will only stop, as usual, at around $0.30. However the short term chart shows support at the 200 days SMA.

3. Fundamental Analysis

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=40247;image)

As you probably know my valuation model has 4 variables, which are the white lines, the yellow lines are known facts and the dark yellow lines are calculated automatically by Excel.

1) Dilution Factor

Historically, and for the past three years (http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=mcz&lstStatement=10YearSummary&stmtView=Ann), there wasn't any share count increase in MCZ, so I considered just 1% as the dilution factor (1.01 on the model).

2) Revenue CAGR

Since revenue in the fiscal 1st quarter of 2008 fell 19.6% from the year ago levels, I think revenues will be about 15 - 20% lower three years from now than what they were in fiscal 2007. This means fiscal 2010 revenue of about $85 M and 0.95 as revenue CAGR in the valuation model.

3) Net Profit Margin

Net profit margin was 3.7% in fiscal 2007 and I expect it to expand to about 7% over the long term. I don't think MCZ has a business model that will bring it more than 10% net profit margin, there's intense competition in its space and it has no pricing power. Except perhaps for the its new product, the Hybrid Earphones, but they will be selling for such a high price ($99.99), I don't know if there will be strong demand for them. It's an open question.

4) EPS multiple estimate

Here I put the Toys & Games industry average P/E, which is 17.9 (http://finance.yahoo.com/q/co?s=MCZ).

5. Conclusion

The valuation model results tell me MCZ is undervalued, but not extremely attractive, with an expected share price CAGR of 25%. The optimal selling price (the price at which the share price CAGR falls below 16%) given by my valuation model is $1.25, that is, about 26% higher than the current share price, which is attractive, but not enough to buy for a concentrated portfolio like the Main.

Overall I think this stock moves wildly with changes in EPS, but I don't see EPS growing much more than the $0.07 the company reported in 2007, unless there's a fundamental change of some kind, like truly innovative products. The hybrid earphone is a good promise, but I would wait to see if it sells or not. As for the rest of the product portfolio ... I don't find it particularly interesting.

My current opinion on MCZ is moderately positive. Good luck if you own it and please let me know if there's new, relevant, information.


This Analysis was requested a while ago in the «Analysis on Demand (http://www.3stocksonfire.org/trading/index.php?topic=10288.0)» thread, which is available only for 3SOF Premium Members (14-Day Free Trial (http://www.3stocksonfire.org/premium_service.php) available).

on fire yesterday  >:D >:D >:D

MCZ: Jumps +15.38%; Vol +159%; Last 90 Min of Trading
Friday , September 21, 2007 16:21ET

During the last 90 minutes of today's session, shares of Mad Catz Interactive, Incorporated (AMEX: MCZ) demonstrated a strong UPWARD close relative to its 13:30 ET statistics. "Strong Closers" are determined by proprietary Knobias calculations performed during the last segment of each trading day.

sym: MCZ       @13:30 ET        @CLOSE      % CHANGE
----------   -----------   -----------  ------------
PRICE              $1.04         $1.20       +15.38%
VOLUME           732,000     1,894,500      +158.81%
#TRADES              439         1,285      +192.71%
DAY-HI             $1.04         $1.21       LATE-HI
DAY-LO             $0.98         $0.98           N/A

(MCZ)
Mad Catz Could See Increased
Sales on Halo 3 Debut
As many know, gamers have fairly deep pockets and are very
willing to dig into those pockets for some of the most popular
titles. The crowds that amassed for the newest Xbox a couple
of years ago and the PlayStation 3 last year display the fact that
when there is something new in the gaming world, the fanatics
will go to any length to acquire the product.
Well, the latest product to hit the shelves will be Halo 3. Its predecessors have been the staple in
the Xbox's line of games. When Halo 2 was released in the late fall 2004, it managed $125 million
in sales within a day of its arrival. Many analysts were predicting some $200 million in sales the
first week for Halo 3.
The release could have a trickle down effect in the small cap space. Mad Catz Interactive, Inc.
(MCZ) could receive attention from traders and possible be lumped in as a 'Halo' play. The Company
designs and markets a full range of accessories for video game systems and publishes
video game software, including the GameShark brand of video game enhancements. Mad Catz
has distribution through most leading retailers offering interactive entertainment products.
In May, the Company announced that it had entered into an agreement with Microsoft to produce
faceplates featuring characters from the Halo 3 video game. Currently, the Company has those
faceplates for sale on its website in an accessories bundle which includes an additional controller
and earpiece for $69.97 or singular for only $29.97.
The faceplates are somewhat similar to the faceplates you'll find on cellphones which can be
snapped into place with the user's favorite team, color, or any other picture imprinted onto the
phone cover. These faceplates for the Xbox also come with side stickers to fully cover the Xbox
with the user's desired theme.
The Company also recently expanded its license agreement with the NFL whereby it produces
customized NFL team controllers and other accessories for the PlayStation(R)2, PlayStation 3,
Xbox, Xbox 360, PSP, Nintendo DS Lite, and Nintendo Wii gaming consoles. The new agreement
expands the original 2004 license agreement between Mad Catz and the NFL to allow the
Company to distribute licensed products in Canada, Mexico and the United Kingdom, in addition
to the U.S.
Also of note is Mad Catz latest acquisition. On September 7th, the Company reported that it had
acquired assets and assumed certain liabilities of Joytech from Take-Two Interactive Software,
Inc. (TTWO) for approximately $3.7 million.
Joytech had been a wholly owned subsidiary of TTWO and was one of the largest manufacturers
and distributors of third-party video game accessories. All Joytech products are designed and
built in-house, providing gamers with high-quality products for all the gaming consoles, as well
as PCs, at competitive prices. By acquiring the Company, Mad Catz diversified its geographical
locations since Joytech has its headquarters in Windsor England and could attempt to capitalize
from its recent license expansion with the NFL in the United Kingdom.
In any event with the Halo 3 debut, the Company could see increased attention as a sympathy
type play, though the faceplates won't be a very large part of their overall sales. The Company
has made strides becoming more geographically diverse and has cleaned up its balance sheet in
past quarters, and with that in mind, investors would be wise to watch.

MCZ is looking good today.  Volume and price are increasing.

Mad Catz Sets Date to Report Fiscal 2008 Second Quarter Results, Host Conference Call and Webcast
Friday , November 02, 2007 18:59ET

Mad Catz Interactive, a third party interactive entertainment accessory provider, announced that it will release its fiscal 2008 second quarter results after the market closes on Tuesday, November 13th, and will host a conference call and webcast that same day at 5 p.m. ET.

Conference Call: Tuesday, November 13th, at 5 p.m. ET Dial-in Number: 800/205-6183 (U.S. & Canada), 415/908-6241 (International) Webcast: www.madcatz.com, select "Investors" Web Replay: 30 days Call Replay Until: Tuesday, November 20, at 7 p.m. ET Replay Number: 800/633-8284 or 402/977-9140 (International) Access Code: 21354223

Questions and answers will be taken only from participants on the conference call, the company noted in a release.

Please check attached IR presentation:

The following analysis was written on September 10th, 2007:

1. Profile

Mad Catz Interactive, Inc. (MCZ), together with its subsidiaries, engages in the design, manufacture, marketing, and distribution of accessories for video game platforms in the United States. Its products include video game controllers and accessories, such as control pads, steering wheels, joysticks, memory cards, video cables, light guns, dance pads, microphones, car adapters, and carry cases. The company also markets game enhancement software and publishes video games. Mad Catz Interactive markets its products in the United States, Canada, and Europe. The company was founded in 1989.

2. Stock Price History
2.1. Chart since IPO

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=40245;image)

I guess there's some anomaly in this chart back in 1999, since in stockcharts.com I see the company's IPO at around $3.5 in November 1999.

MCZ fell 90% from the early 2000 high of $3.5 to the April 2001 low of $0.30. Then a recovery began which took the stock to a high of $1.98 in August 2001 (a 560% advance in just 4 months). It's interesting to note that the company's fundamentals justified these wild moves, because revenue shrank from $72 M in 2000 to $55 M in 2001. Then it rebounded to $85 M in fiscal 2002 (which started in April 2001) and the company returned a $0.02 EPS for the year. The stock price moved as expectations changed.

But then the market thought that a $1.98 stock price was too high for just $0.02 in EPS (the P/E ratio was 99) and the stock fell back down to a low of $0.43 in early 2003 (here the P/E was a more normal 21.5). Then another recovery phase and another dip back down to values below $0.5.

The 2nd big advance phase began in mid 2004 and lasted until early 2005. This was a 325% rise. Again, it was fully justified by the fundamental landscape, because EPS rose from $0.02 in 2004 to $0.08 in fiscal 2005 (which ended in March 2005). However, because the company couldn't sustain profits and indeed posted a ($0.12) loss per share in fiscal 2006, the stock fell 84% to $0.30, its all time low. This was in August 2006.

Now, one year later, MCZ closed at $0.99. The company reported EPS of $0.07 in fiscal 2007, so the trailing P/E is 14, which is moderately attractive.

2.2. Short term chart

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=40246;image)

In mid May, 2007, MCZ started a meaningful 100% plus rally. There weren't any news to justify the change, I guess it was just that the stock was too cheap. Earnings were out on August 14 and the market wasn't particularly interested, even though they were positive from a gross margin basis, as the company achieved a record 32% gross margin. Sales were down 19.6%, as expected.

I view the results as positive because MCZ's problem isn't the level of sales, but its low margins. The company is now a $55 M market cap company.

Technically, as we look at the chart since the IPO, it sure looks like another cyclical downturn is happening that will only stop, as usual, at around $0.30. However the short term chart shows support at the 200 days SMA.

3. Fundamental Analysis

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=40247;image)

As you probably know my valuation model has 4 variables, which are the white lines, the yellow lines are known facts and the dark yellow lines are calculated automatically by Excel.

1) Dilution Factor

Historically, and for the past three years (http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=mcz&lstStatement=10YearSummary&stmtView=Ann), there wasn't any share count increase in MCZ, so I considered just 1% as the dilution factor (1.01 on the model).

2) Revenue CAGR

Since revenue in the fiscal 1st quarter of 2008 fell 19.6% from the year ago levels, I think revenues will be about 15 - 20% lower three years from now than what they were in fiscal 2007. This means fiscal 2010 revenue of about $85 M and 0.95 as revenue CAGR in the valuation model.

3) Net Profit Margin

Net profit margin was 3.7% in fiscal 2007 and I expect it to expand to about 7% over the long term. I don't think MCZ has a business model that will bring it more than 10% net profit margin, there's intense competition in its space and it has no pricing power. Except perhaps for the its new product, the Hybrid Earphones, but they will be selling for such a high price ($99.99), I don't know if there will be strong demand for them. It's an open question.

4) EPS multiple estimate

Here I put the Toys & Games industry average P/E, which is 17.9 (http://finance.yahoo.com/q/co?s=MCZ).

5. Conclusion

The valuation model results tell me MCZ is undervalued, but not extremely attractive, with an expected share price CAGR of 25%. The optimal selling price (the price at which the share price CAGR falls below 16%) given by my valuation model is $1.25, that is, about 26% higher than the current share price, which is attractive, but not enough to buy for a concentrated portfolio like the Main.

Overall I think this stock moves wildly with changes in EPS, but I don't see EPS growing much more than the $0.07 the company reported in 2007, unless there's a fundamental change of some kind, like truly innovative products. The hybrid earphone is a good promise, but I would wait to see if it sells or not. As for the rest of the product portfolio ... I don't find it particularly interesting.

My current opinion on MCZ is moderately positive. Good luck if you own it and please let me know if there's new, relevant, information.

Tomorrow I'll write about BMRN, requested by Capricho.

MCZ: MDB Capital Ups to Buy from Neutral; Sets Tgt @ $2; Analyst Notes
Thursday , November 29, 2007 11:26ET
Issuer: Mad Catz Interactive, Incorporated (AMEX: MCZ)
Analyst Firm:  MDB Capital Group LLC
Ratings Action: UPGRADE
Current Rating: Buy (from Neutral)
Target Price: $2.00
Analyst Comments: The firm notes that video game industry fundamentals continue to show increasing strength; PS3 hardware sales have increased 298% since November 2 when the 40GB $399 PS3 version was introduced in North America and the price of 80GB PS3 was reduced to $499 (from $599). They also view the recent acquisition of Saitek, a UK-based, leading maker of PC game controllers and accessories very positively, as it reflects MCZ's commitment to growth and expansion beyond its traditional video game console controllers and accessories products. The acquisition is expected to be accretive in FY08 and beyond. The Saitek acquisition significantly increases the Company's size and scalability and expands its product portfolio and geographic reach. The firm continues to believe that MCZ will introduce a Wii controller in calendar 2008, enabling the Company to capitalize on the strength of Wii sales.

QuoteThe valuation model results tell me MCZ is undervalued, but not extremely attractive, with an expected share price CAGR of 25%. The optimal selling price (the price at which the share price CAGR falls below 16%) given by my valuation model is $1.25, that is, about 26% higher than the current share price, which is attractive, but not enough to buy for a concentrated portfolio like the Main.

The valuation model got it right on this one. MCZ was cut in half since November. I continue to find MCZ's products not very inspiring. How are those earphones selling? They were very expensive, if I recall correctly, $100 a piece.

update:
Mad Catz Inks Multi-Year License Pact with Coffin Case Company
Monday , April 21, 2008 22:39ET

NEW YORK, Apr 21, 2008 (ASCRIBE NEWS via COMTEX) -- Mad Catz Interactive, a third-party interactive entertainment accessory provider, announced that it has entered into a multi-year licensing agreement with Coffin Case Company.

Pursuant to the agreement, Mad Catz has secured the rights to manufacture, market, and sell the official Coffin Case branded carrying cases for guitar controllers, drums and videogame accessories cases, as well as guitar straps, and other accessories, all for use with Rock Band and Guitar Hero.

"Owner and founder Jonny Edwards has built Coffin Case into one of the most original and stylish makers of cases for musical instruments in the business. This agreement allows Mad Catz to provide gamers the opportunity to transport their music game accessories with the same cool looks and protection for their gear as some of the biggest rock artists have for their instruments," said Darren Richardson, President and Chief Executive Officer of Mad Catz. "We believe the Coffin Case license is an exciting complement to the range of premium instruments we are developing for Rock Band."

look at original chart:  MCZ now back at the low end of the trough. ($.60)

but with new products and license renewals

http://biz.yahoo.com/bw/080724/20080724005682.html?.v=1

http://biz.yahoo.com/bw/080709/20080709005154.html?.v=1

Thhis should be back on everyone's long term radar to hit $1.50 on the upward trend of cycle into December.

cheers,
SJ

Pre-Market Mover...

Mad Catz Interactive Inc Common(AMEX: MCZ )
Pre-Market Real-Time: 2.11  0.32 (17.88%) 8:49AM EST

Volume @ 265,000

SINCE THIS PR mcz has been on fire and believe will continue adding new agreements

Press Release Source: Mad Catz Interactive, Inc. On Wednesday February 2, 2011, 8:29 am EST

SAN DIEGO--(BUSINESS WIRE)-- Mad Catz® Interactive, Inc. ("Mad Catz") (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that it has entered into an agreement with Microsoft® Corporation ("Microsoft") to produce a range of licensed, co-branded audio headphones under Mad Catz's Tritton brand and Microsoft's Xbox 360 brand. Under the agreement, Mad Catz has the worldwide rights to manufacture, market and sell licensed, co-branded wired stereo headphones and exclusive rights to produce licensed, co-branded wireless stereo and Dolby 5.1 headphones for the Xbox 360 videogame and entertainment system.



Through this agreement, Mad Catz and Microsoft will work closely together to jointly design and brand wired and wireless headphones, resulting in a range of headphones that will bear the Tritton and Xbox logos on both the packaging and the headphones. This will also mark the first time that wireless, licensed and co-branded headphones will be available for Xbox 360.



Commenting on the agreement, Darren Richardson, Mad Catz's President and Chief Executive Officer, stated, "We are delighted to be working so closely with Microsoft to design and brand a range of high performance headphones. The headphone category is the fastest growing category in the video game space - and this agreement assists Mad Catz's Tritton brand in furthering its leadership to provide high-quality, innovative headphones that allow gamers and audio enthusiasts alike to enjoy a superior gaming and listening experience."



Zulfi Alam Microsoft Senior Director, Xbox 360 Accessories, added, "We are pleased to be working in close collaboration with Mad Catz to design and brand products that we believe will deliver a high quality audio experience to Xbox 360 fans. Whether playing games or enjoying music, movies or sports available on the Xbox 360, we are confident that gamers everywhere will react enthusiastically to this new range of wired and wireless headphones."



Mad Catz expects that the range of licensed, co-branded headphones will be available for the 2011 holiday shopping season.



Microsoft, Xbox, Xbox 360, Xbox LIVE, the Xbox logos, and the Xbox LIVE logo are either registered trademarks or trademarks of Microsoft Corporation in the U.S. and/or other countries.

Press Release Source: Mad Catz Interactive, Inc. On Tuesday March 1, 2011, 8:29 am EST

SAN DIEGO--(BUSINESS WIRE)-- Mad Catz® Interactive, Inc. ("Mad Catz" or "the Company") (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, and Electronic Arts Inc. (NASDAQ:ERTS - News), a leading global interactive entertainment software company, announced today an agreement to produce branded PC and console videogame accessories based on 'The Sims™' franchise. The agreement grants Mad Catz non-exclusive rights to produce and market a wide range of videogame accessories for PC, Microsoft® Xbox 360® video game and entertainment system, Sony® PlayStation® 3 computer entertainment system, Wii™, Nintendo DS™ and Nintendo 3DS™ systems.



Commenting on the agreement, Darren Richardson, President and Chief Executive Officer of Mad Catz, "We are excited to work with EA and one of the most popular gaming franchises of all time. The Sims is a new and exciting opportunity for Mad Catz to reach a wider audience that includes both casual and enthusiast gamers. Our agreement with EA is part of our long-term strategy of working with the premium gaming brands and deliver innovative consumer focused accessories."



"We are delighted to be working with Mad Catz to further broaden the appeal of The Sims franchise through the introduction of specialty PC and console accessories," said Patrick O'Brien, Vice President of Electronic Arts. "Mad Catz has a long history of working with game publishers to deliver unique products, and we believe that together we can introduce a range of accessories that appeal to players of The Sims series."

About The Sims



The Sims™ franchise, the groundbreaking game series that allows players to create and live a virtual, simulated life on a computer, celebrates its ten year anniversary in 2010 with an impressive more than 125 million units sold since its launch in February 2000. Now translated into 22 different languages and available in 60 different countries, The Sims series has quickly become a universal gaming and cultural phenomenon. Since its June 2009 launch, The Sims 3 has sold more than 10 million copies worldwide to date and was the #1 best-selling PC title for 2009 in North America and Europe. Fan intensity is evidenced through nearly 250 million downloads of player created content including: The Sims characters, houses, stories and more. The Sims 3 community site, www.thesims3.com, welcomes up to seven million unique visitors monthly, handles more than 240 content downloads every minute and more than 3.5 million uploads have been made to date, including 11 movies each hour. The Sims 3 YouTube Channel is within the top 10 most viewed sponsored channels of all time with more than 45 million video views. Visit The Sims 3 official website to see what the players are creating at www.TheSims3.com or the official YouTube Channel for The Sims at http://www.youtube.com/user/TheSims. The Sims 3 is currently available for PC, Mac, iPhone®, iPod touch® and mobile devices. The Sims 3 is also available on the PlayStation®3 computer entertainment system, Xbox 360® videogame and entertainment system, Nintendo DS™, and Wii™ and in March 2011 on the Nintendo 3DS.



Follow The Sims social media: 
Facebook® Page:     http://www.facebook.com/TheSims3 
Twitter® Page:   http://twitter.com/TheSims3 
YouTube® Channel:   http://www.youtube.com/TheSims 



About Electronic Arts



Electronic Arts Inc. (EA), headquartered in Redwood City, California, is a leading global interactive entertainment software company. Founded in 1982, the Company develops, publishes, and distributes interactive software worldwide for video game systems, personal computers, wireless devices and the Internet. Electronic Arts markets its products under four brand names: EA SPORTS™, EA™, EA Mobile™ and POGO™. In fiscal 2010, EA posted GAAP net revenue of $3.7 billion and had 27 titles that sold more than one million units. EA's homepage and online game site is www.ea.com. More information about EA's products and full text of press releases can be found on the Internet at http://info.ea.com.



EA, EA SPORTS, EA Mobile, POGO and The Sims are trademarks of Electronic Arts Inc. "PlayStation" is a registered trademark of Sony Computer Entertainment Inc. Microsoft, Xbox and Xbox 360 are trademarks of the Microsoft group of companies. Wii, Nintendo DS and Nintendo 3DS are trademarks of Nintendo. iPhone and iPod touch are trademarks of Apple inc., registered in the U.S. and other countries. All other trademarks are the property of their respective owners.

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