This week, we dug into the Android and iOS gaming console opportunity. Looking at the reviews coming out of E3, it was clear that Mad Catz (MCZ) MOJO console stole the show (and Ouya’s thunder in the process). These were the first few reviews we examined, in order:
In addition to the good reviews, insiders have been buying. The CFO purchased 213,000 shares on June 18. Director William Woodward followed suit with a 130,000 share purchase on July 1. It’s a speculative pick, but the intermediate-term risk/reward is enticing. During previous demand cycles, MCZ has consistently topped $1.50, often tripling in a matter of months. With insiders buying, a major console cycle looming, and its own well-reviewed Android console on the way, we believe MCZ is a good stock to consider on dips.
By: Mark Gomes, CEO