My last couple of comments on ATVI were to say how cheap it was at $25 post earnings and that I was buying more there, and that the $40 fair value call was before the market started falling and therefore expectations of price multiples should come down too. Perhaps $30-$35 is more fair value for the next couple of months i.e. cheap below that, expensive above. A couple of upcoming catalysts are VR, which we should see a lot more hype on at E3 in June, and the new Nintendo NX console is rumored for as soon as this holiday season. Neither of those will mean much for publisher earnings in the next year, however they can both create some hype for the sector.