At least one of my stocks is doing pretty well in this terrible, depressing market environment. Activision (NASDAQ: ATVI) hit a new 52-week high of $36.84 on Tuesday. It closed a little below that, but it was a great, high-volume day for the stock, one that saw the shares rise almost 5%.
Yes, with the Dow Jones index shedding 100 points, with every other stock in my portfolio in the red, including MFA (NYSE: MFA), which closed down to $6.66 -- the number of the beast, my
5/14 - "Q4 results were above guidance and consensus estimates...Management guided to dramatic revenue growth and modest EPS growth in FY:09, expecting a surprising 30% increase in R&D spending. The company expects pro forma revenues of $5.0 – 5.3 billion and pro forma EPS of $1.30 – 1.70, compared to consensus estimates of $4.6 billion and $1.74, respectively...We are raising our pro forma revenue estimate to $5.25 billion from $4.6 billion, and are maintaining our pro forma EPS estimate of $1.75. We are modeling significantly higher R&D expense than we had previously."
"EA’s share price ...
5/14 - "EA was forecast to only break-even on a non-GAAP basis, so the difference was a nice $0.09. In terms of operational cash flow, EA increased the metric by 33% during the fourth quarter, but for the full year, operational cash flow decreased 15%. Ah, such is life, I guess. Nevertheless, EA produced 27 titles that sold over a million units this year -- three more than in the previous year. Fifteen of its titles sold over 2 million units -- five more than the last fiscal period. Titles such as Army of Two and Rock Band, as well as various sports franchises, drove the results."
"But EA ...
5/14 - "Although the quarter beat analysts' expectations on an adjusted basis, many investors seem to be thinking "game over," especially since EA turned in a rather tepid forecast and gave reason to believe that the pesky "enhancing profitability" portion of EA's picture remains fuzzy at best.
EA also said it will stop offering quarterly forecasts. Although corporations' forecasts can be unreliable, I'm not sure what EA's decision to stop giving them at all -- at a time when many investors are already wondering what the heck its deal is -- says about its chances of getting its act togethe...
Electronic Arts (ERTS), the maker of the Madden Football series, Tiger Woods PGA, and NBA Live for lack of a better phrase is a slam dunk.
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In a bad economy, people cocoon themselves. They stay home. They watch TV. They rent movies. And, they play video games. Electronic Arts (ERTS) is the king of video game makers. Yes we have a variety of platforms to choose from, Playstation (SNE), XBOX 360 (MSFT), the Wii, and of course PC and MAC(AAPL). Guess what ? Electronic Arts makes games for all of them.
ERTS has really gotten ahead of itself. Too many parts to make the wheel spin. Stock will see better days for quite a long time. 40 dollars is my target.
EA is the biggest computer game maker. With Microsoft (MSFT) Xbox 360, Sony (SNE) Playstation 3 and Nintento (NTDOY) Wii having their next generation on the market the customer base for EA grows. Analysts expect earnings to triple till 2009. Furthermore, Apple (AAPL) wants EA to make games for its upcoming iPhone. Recently EA bought "SingShot Media" a company that maintains a online karaoke site that lets users record karaoke songs to share it with friends online.
Having such a growing potential customer base, sales should rise as the sales of nextgen console continue to grow, too.
Electronic Arts today unveiled a new branch in the ever growing Sims franchise tree. Sims Stories will be a line of story-driven Sim-based games designed for play on laptops.The first in the new franchise will be The Sims Life Stories.The Sims Life Stories, introduces an all-new Story Mode with two stories that follow the lives of Riley Harlow and Vincent Moore, two very different characters who have reached similar crossroads in their love lives. A comic romantic plot centered around engaging characters guides players through twelve chapters of this one-of-a-kind entertainment experience. ...
If you are going to own a video gaming software company then this is the blue chip name you should own. Video gaming is bigger than the movie business and it will continue to grow. Generations have been weened on franchises like Madden and Need For Speed, and EA will continue to prosper. This stock has suffered because there is transition underway among consoles and consumers have put off purchases. Games now sell for 50 or 60 bucks, contain advertising in them and gamers spend some 40 hours staring at these things. Hollywood has awoken to these amazing franchises and if any of them is a ta...
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About Electronic Arts Inc
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