Big deal. ATVI's non-GAAP 2016 numbers should rise to nearly $2 on this. Of course who knows how viable KING's long term prospects are, but Kotick has a good track record with his big deals.

This mornings sell-off was a gift to cover any short and get a long position imo. Once this over-reaction is over, people will focus on what it means for 2016 numbers and beyond. With around $2 earnings, low $30's really isn't that expensive. I think this years CoD has a shot of reversing the recent CoD declines too. Both previous BLOPS games were huge sellers and if it even does about 75% of what each of those did, that's growth. I don't believe it will ever return to its peak, but I do think this one can stem the decline.