Analysts Expect Midway Shares To Plummet
by Rainier on Sept. 7, 2005 @ 12:40 a.m. PDT | Filed under News
While Viacom's Sumner Redstone continues to accumulate shares of Midway Games, a lot of investors have been betting that he won't keep it up and that Midway's high-flying price will come crashing down. The stock has risen from less than $3 a share two years ago to $15 this month, while Midway is losing money, and its shares on a price-to-sales basis are selling for 50% to 10 times as much as other vidgame publishers, some of whom are making plenty of money. Read more over at Variety...