THQ has been living under the threat of stock delistment since January, where it was given 180 days to bring its stock value above $1. This goal was finally met yesterday, when the Business Wire reported that THQ had announced that its common stock had closed at $1 per share or more for at least 10 consecutive days.
THQ did some executive shuffling in June, bringing in Jason Rubin as their new president. At the time, he admitted that there were things THQ needed to change, but that he believed there was still a bright future for the company. His secret to success was, “You have to create titles that sell copies and do well and that’s what we’re going to focus on… Once we’ve succeeded with the games, maybe I’ll talk about how we’re going to restructure and do our labels this and do our labels that. Right now I’m focused on the games.”
THQ’s upcoming projects include Darksiders 2, inSANE, South Park: The Stick of Truth, and Company of Heroes 2, among others.
Hrmm…
Would this be a good time to buy some THQ stock or do you think it’s doomed and I’d be wasting my money?