Michael Pachter Quotes
Take-Two has always been a 'trust us' story. We think that Take-Two has become a 'show me' story. 
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Although Midway continues [to] generate large losses, we continue to believe that Midway is a potential turnaround story. The company's cost structure suggests that it can achieve profitability at revenue levels of $300 million annually, and we remain confident that Midway will be able to generate revenues at the $300 - 800 million level over the next several years. However, to achieve this level of revenues, the company must continue to expend resources on growing its development capability.
- Michael Pachter
