Just because a company is down doesn't necessarily mean that a company is out. As analysts Michael Pachter and Colin Sebastian have pointed out, THQ's underperformance in 2007 is "a painful step" to a more successful showing in the future. Fellow analyst Arvin Bhatia concurs, and he has his own words of encouragement for THQ.

You can read more about them in the full article after the jump.

Call of Duty 4: Modern Warfare (Xbox 360, PS3, PC) has been getting great reception left and right as evidenced by Arvind Bahtia's findings. Bahtia, analyst from Stern Agee & Leach, observes that the title - which was already expected to do well - is outperforming expectations judging from sales.

Bhatia comments that the game will drive sales through the holidays and may even drive up the firm's quarterly estimates for Activision.