Analyst: THQ has 50% chance of bankruptcy
THQ is barely hanging on, according to Janco Partners analyst Mike Hickey, who sees the company's chances of going bankrupt at 50/50. Speaking with the LA Business Journal, the prognosticator points out the publisher currently has mediocre product and is losing cash like it's battling Midway for an award in corporate ineptitude.
THQ CEO Brian Farrell says that talk of an acquisition or bankruptcy "makes for good print and sells newspapers," but notes that the company currently has a plan to get through this tough time. THQ's licensed titles, which are footing some of the blame for the current predicament, have always formed a powerhouse, but those titles don't provide the margins of original games. Currently, the company's fate rests on the performance of Dawn of War 2 and ... 50 Cent: Blood on the Sand.
[via GI.biz]
