After yesterdays huge jump in price by $TTWO, I got a lot of PM's regarding what I thought about $ATVI earnings coming up today.
I found this article which I thought was a fairly good impression of where I see $ATVI
I rarely venture out of industries I know little about and I started heavily investing in video game stock this year after getting burned by not buying EA back in December. I thought at an $81 a share valuation EA was too high... sadly I was wrong and they blew that open. I got in somewhere around $100 which has still seen great returns.
So why buy $ATVI? Well it's already a good indication that with Destiny 2 presales and Call of Duty WW hitting shelves in shortly, things are looking up for revenue forecasts I can see. I also see E-Sports playing a huge roll moving forward and for companies that are setting themselves up as the leader in E-Sports it's Activision who bought MLG. To add onto the fact, Robert Craft (Patriots Owner) and several other rich white guys with lots of money are buying E-Sports teams for MILLIONS of dollars. This is something that makes me believe that Activision can sustain healthy growth over the next year and even for at least 5 years of steady growth if E-Sports continues to take off.
$TTWO was trading at $63.50 back in May. Right where ATVI is at right now.
With Call of Duty returning to the arena that made it one of the top FPS titles in gaming history, Destiny 2 launching off the back of a hugely successful first game, Blizzard with their titles, and E-Sports growing at an infinite rate... $ATVI has no where to go but up in my opinion.
Just my opinion I thought I would share going into todays earnings call.
Submitted August 03, 2017 at 01:01PM by GunBrothersGaming http://ift.tt/2vtyTop
