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Rap Sheet

Author:

Jam ok

Subject:

News

Date:

01/28/16 at 5:24 PM CST

 

 

READ: 5

RPLY: 1

0

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RECS:0

Sentiment:

Neutral

ERTS earnings

Street is not being kind to those who disappoint - ERTS down 8%. Wonder if ATVI will fall in sympathy. Wonder if analysts will now call ERTS 'oversold'

I was up early to buy EA pre-market at $65 and sell at $66.6 a few minutes after market open. Like most or all EA calls I can remember for a long time, this dip will probably be bought. They beat and raised on both revenue and earnings, maybe not as much as Wall St had projected though. And this year should have solid growth with a multi-plat Titanfall, new Mass Effect, and a Battlefield game for the holidays, plus organic growth in sports with the install base. With this FY being over $3, next FY should be higher, so low $60's prices will probably continue to see support.

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

In other news yesterday, GameStop is publishing an Insomniac Games (Ratchet series) metroidvania game for PS4, XB1, PC. It's just a $15 game, and will have a digital and disc release (exclusive to GameStop I wonder?), so it's interesting to see them getting more involved in game making and publishing. Of course, it might have helped if they hadn't blown all their cash flow in recent years propping up the share price with buybacks and dividends, since they'd now have a big war chest to make acquisitions etc. if they had.


Agr :0

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Author:

Jester Debunker

Subject:

News

Sentiment:

Neutral

Date:

01/29/16 at 8:41 AM CST

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