TTWO
Board Highlights
Message List Post Message Reply to
this Message

MSG # GO



Rap Sheet

Author:

Jester Debunker

Subject:

News

Date:

06/24/15 at 8:03 AM CDT

 

 

READ: 7

RPLY: 0

0

0

RECS:0

Sentiment:

Neutral

Reply to:

MSG`#2745,`06/24/15
By LongTerm CapGains

 

Re: ERTS Upgraded by Jefferies

Looks like they're drinking the kool-aid now. Just five months ago their PT was $47 (stock was $53), most recently it was $58, and now they're jumping it ahead of the current price. So a PT raise from $47 to $80 in 5 months, and has the company or its outlook really changed that much in that time? Their eps est for the upcoming year is $3.08, so $80 is 26 times that.

NFLX surging 3% also after announcing a 7:1 split, except they already told the world a few weeks ago they were going to split the stock so it isn't really news, but when you're partying like it's 1999 don't worry about that.

Greece deal is a non-starter too.

Jefferies comments:

"The team commented, "EA looks well positioned against two multi-year tailwinds: faster than expected console sales and the transition to higher-margin digital revenue. On top of this, EA's multi-year game pipeline looks the best we've ever seen, starting this holiday with Star Wars Battlefront. And the company will return 50% of FCF to investors starting with a $1B, 2-yr buyback. Based on earnings power, we think the stock has plenty more room to run."

FY 2015 EPS was raised from $2.76 to $3.08."

Copyright 2014 All Rights Reserved; Patent Pending