Money Doubling Stock Picks - BRCD, C, ENER, THQI, WDC

Money-doubling profits by 2011 aren't impossible

Sep 17, 2010, 5:45 pm EDT | By Jon Ogg

#5 – THQ Inc. (THQI)

THQ Inc. (NASDAQ: THQI) traded north of $30 in 2007. Now its skirting a new 52-week low ($3.33-$8.29 range). In the video game sector, THQ is a turnaround that never really turned back around even considering its larger peers continue to suffer. But if more consolidation comes to the video game sector, THQ is one of the top picks as a target. On its own, the value lies in its WWE wrestling titles, WarHammer fantasy games, and a suite of other educational and family-friendly video games tied to Disney or Nickelodeon characters. But now it has a potentially major win on its hand with uDraw, a drawing tablet game device for the Nintendo’s Wii. Why Nintendo did not have its own hardware along these lines is a mystery, but if THQ does no marketing, it could easily sell a million of these, and it is going to hit shelves for this holiday season. Its $240 million market cap is tiny, it trades at an implied discount to book value — only 1.3-times tangible book value, and it has close to $3 million in cash (investments included) per share before debt.