GME comments
Looks like that is exactly what happened.
Leaving the third quarter behind, Chief Operating Officer Tony
Bartel assured that hardware sales had picked up "dramatically"
since the fourth quarter began on November 1. The COO explained
that some games like "Call of Duty: Black Ops III" and "Fallout 4"
had been selling well, but the much anticipated "Star Wars:
Battlefront," which was launched on November 17, fared worse than
expected.
However, Bartel added, management believes "Star Wars:
Battlefront" sales will "rally very strong" as the movie launch
date gets closer.
finance.yahoo.com/ne...2.html
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Jester,
Acknowledging that GME must've said something global for all the
vg's to sell off simultaneously. But SWBF is an intriguing, and
possibly unhappy story. (You know the old story - I can't copy and
paste so let me summarize): I read an article that was an interview
with George Lucas. In a nutshell, he basically distanced himself as
far as he possibly could from this game - it was clear that
he wanted to completely bow out because he didn't want people
blaming him for a sucky game. He was more polite of course - saying
that although he was an adviser to EA in the beginning, EA was
basically uninterested in what he had to say. So he eventually felt
pretty much the same - his words were that the product was 'not
going in a direction' that he had imagined for the franchise, so he
stopped giving advice. I think that's thin code for 'this game
sucks and I want to be clear it's not my fault.' And it certainly
sounds like EA to be pretentious enough to see the author as a
PITA.
I *think* last time I saw it on Metacritic it was averaging in
the low to mid 70's - some of user reviews were pretty rabid. I
think I said here a while ago that I thought there were enough
people ga-ga about Star Wars that it probably didn't matter how
good or bad the game was. I'm not so sure I'd stand behind that
statement now. Disclosure: I thought the first SW film sucked. The
second was mildly interesting, and after that it wasn't worth
bothering with.I also lost a lot of respect Lucas - in the glow of
the success of the film Lucas said that he was a fan of Akira
Kurosawa - legendary Japanese director of 'The Seven Samurai', etc.
I saw an obscure (and really unremarkable film Kurosawa did around
1958) called "The Hidden Fortress". It had a princess who lost her
empire and pleaded for a Samurai's help to regain it. ("Help me,
Obiwan?*) The samurai (Toshiro Mifune) had two slapstick-idiot
soldiers under his command that provided comic relief throughout
the film. (Funny Robots, anyone?) By the end of it, it was clear
that Lucas was not simply a 'fan' of Kurosawa, but lifted the the
whole damn plot from this midieval setting to a futuristic one.
Plagarism isn't cool in my book,regardless how good or bad what's
being 'lifted' was.
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Author:
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Jam
ok
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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11/23/15 at 3:19 PM CST
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Interesting to see how even though GME traded down as low as
31.62 or more than 19% from previous close, it regained at most of
those losses by the time the market closed, yet EA which started
the day up 2% ended down better than 4%
I guess the market does not trust that EA's SW sales can in fact
recover when the movie releases.
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Author:
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LongTerm
CapGains
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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11/23/15 at 4:05 PM CST
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LT, I think there's more to it than that.
With GME, they kept the FY guidance and the lows today would put
them at current year P/E around 9, and with a nice dividend and
buybacks, and huge short interest. Some covering is to
expected.
With EA, profit taking is to be expected considering it was at a
low of $65 one week ago, and over $73 this morning. This kind of
volatility is what I suggested we'd get due to differing opinions
on Star Wars sell through.
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Author:
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Jester
Debunker
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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11/23/15 at 5:44 PM CST
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