Analysts expect the game industry to do well during a recession. The underlying opinion is that consumers will gravitate towards cheaper forms of entertainment (such as video games) during a downturn. They expect the current crisis to give this industry a good boost coming this Xmas.
I can't agree more with those analysts. And I've had an eye on my previous employer, Activision Blizzard, as of late. Their titles Guitar Hero: World Tour, WoW: Wrath of the Lich King, and Call of Duty: World at War are going to dominate the game top-seller charts this season.
ATVI is at $9.34 right now. Just watch their next earnings report.
Or you could bet on Gamestop (NYSE: GME). But I like ATVI more.
Friday, November 21, 2008
Subscribe to:
Post Comments (Atom)
1 comment:
cool blog
Post a Comment