Jim Cramer on Take-Two: "I Do Think That You're Getting a Chance to Buy It"

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is one of the stocks Jim Cramer commented on. Cramer was bullish on the company’s stock, as he stated:

A great stock… Last night, we got results from Take-Two Interactive Software. That’s the big video game publisher. While the actual quarter was solid, the full-year forecast terrific, and they got Grand Theft Auto VI coming out in November, but the stock still lost more than 5% today, and that’s on top of a brutal decline earlier this week. Unfortunately, Take-Two reported just as everybody’s freaking out about Google’s Project Genie, an AI platform that seems like it can create video games out of whole cloth… Yes, I do think that you’re getting a chance to buy it.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) creates video games for consoles, PCs, and mobile devices. Some of its well-known games include Grand Theft Auto, Red Dead Redemption, and BioShock. During the January 8 episode,Cramer mentioned the stock in light of EA’s takeover bid, as he commented:

… Electronic Arts, that’s also got a takeover bid. It jumped almost 40% because it’s being taken private by a group of investors led by Saudi Arabia’s Sovereign Wealth Fund. The pin action from that deal boosted the other video game stocks, like Take-Two Interactive, TTWO, which will be the only independent publicly traded game publisher after EA goes private. Take-Two is up 39%, great scarcity value there, and a hope for the launch of the new edition of Grand Theft Auto in the works. By the way, it’s the greatest performing entertainment property in history.

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Disclosure: None. This article is originally published at Insider Monkey.