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Ticker Shock: Nike, Paychex Take Drubbing; Pier One, Take-Two Down for the Count?


Thursday's top stories and stocks with potential to move.


They say that the years seem to go by faster when you get older. I think that may be true. Only a week left till Christmas? It seems like we just celebrated it a couple of months ago.

Anyway, Asian stocks moved slightly higher overnight, with the Hang Seng and the Nikkei both up under 1%. Europe was a bit of a mixed bag early this morning. And here in the US, we're currently trading higher.

Here's what's piquing my interest today:

Take-Two (TTWO)
Yesterday after the bell, the software game publisher offered up its fourth-quarter numbers.

Excluding items, it earned $0.02 per share. Only trouble is, the Street was at a nickel.

And although its revenue number increased more than 10% over the comparable period last year, it still fell shy of expectations.

But the real kicker was the guidance: TTWO's looking for a $0.70 to $0.85 per share loss (non-GAAP). Analysts are reportedly at $0.22. For the full year, it's looking for between zero and $0.20 (non-GAAP) - a country mile below the $1.26 per share I'm seeing.

I'm not bottom-fishing on such disappointing news. In the days ahead, the shares could be under some, shall we say, pressure?

Pier One (PIR)
The Texas-based retailer disseminated its third-quarter numbers this morning.

Two words: Red ink. Pier One posted a $0.34 per share loss, as compared with the $0.22 per share analysts were expecting.

In any case, certainly not numbers to write home about.

I think the news about its NYSE listing is particularly important. As per CEO Alex Smith:

"As you know, our stock price has fallen to a level where we are below the continued listing standard for the NYSE. We have been and will continue to proactively work with the NYSE to maintain our NYSE listing... The Board is cognizant of the need in these difficult times to maintain optimal liquidity."

Frankly, I'd like to hear more about what it's going to do. Whatever the deal is, I have no intention of jumping in at this point. Frankly, even though retailers of virtually all stripes are struggling these days, I think there are better opportunities out there. Again, I'll pass - even at under $1.
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No positions in stocks mentioned.

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