Weakness in Take-Two (TTWO) may be an opportunity.

We have to consider most of the negativity has been priced into TTWO after missing its outlook. And we have to remember that Grand Theft Auto VI will be coming soon, and could see substantial sales just as the other GTA releases have seen.

As noted by Barron’s, “When asked about the reception for the trailer for Grand Theft Auto VI, [CEO Strauss Zelnick] said it ‘broke the internet’ and that he is about as excited as he can be for the coming title.”

For an idea of how well GTA games have done, consider this. According to TweakTown.com, “Based on data provided by Take-Two Interactive, the Grand Theft Auto series of games has now generated $8.93 billion since Grand Theft Auto V’s launch in September 2013. This number includes a multitude of GTA V sales across three console generations and PC, in-game spending made in Grand Theft Auto Online, and the most recent Grand Theft Auto Trilogy – The Definitive Edition remaster collection.”

That coupled with oversold conditions makes us even more bullish on TTWO.