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Rap Sheet

Author:

Jester Debunker

Subject:

Off Topic

Date:

11/11/15 at 8:22 AM CST

 

 

READ: 4

RPLY: 1

0

0

RECS:0

Sentiment:

Neutral

Activision and BLOPS3

I posted last week that BLOPS3 could be bigger than expected for ATVI this year, and they've come out with a PR about the sales.

finance.yahoo.com/ne...4.html

"Three-Day Opening Weekend over $550 Million in Worldwide Sales (sell-through)

Digital Sales Nearly Double Over Last Year;

Retail Sales up Significantly Over Last Two Years"

As I said last week I think these dips have been a gift. They'll be doing nearly $2 eps in 2016. BLOPS3 looks to be bigger than expected and they've just added 30% eps accretion, and the stock is still where it was before both these events. Even if you make a case for the KING part of the earnings not deserving ATVI's recent high valuation, it's still worth multiple dollars not zero.

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