lots of good news for future of er, but nothing 4 today
we need news that the company is releasing something now not this fall or next year. i am sure this stock will scream later but now i am having doubts as i see the stock dipping a little at a time slowly filling in the gap to
This is ERTS. For years it has been valued richly based on what (JR says) it might make, not based on what it did or is making.
Excluding restructuring which has been consistent (not one time) and has been far above expectations, this is the FY midpoint guidance and results:
FY08 est 1.03, delivered 0.73 - missed by 0.30 FY09 est 1.42, delivered (0.55) - missed by 1.97 FY10 est 0.91, delivered 0.01 - missed by 0.90 FY11 est 0.56, delivered 0.21 - missed by 0.35 FY12 est 0.77...
Their average yearly earnings miss is higher than current FY12 guidance. There was also the 2008 guidance where JR projected FY11 revenues of $6BN (actually $3.6BN) and 25% margins (LOL). For this a ridiculous trailing P/E and a forward P/E of 24, far above sector peers and many quality techs?
i guess this is why the stock keeps going upwards. some body smarter tahn you knows something, like the rest of us do. this stock will go to 42 this year. but first we need a new product out there being bought by the millions. i like what i have seen so far just have to wait till November for releases.
To rephrase, ERTS' track record has been to guide low for restructuring, exclude it from guidance, then come in very hot on restructuring, still excluded from guidance. Since it is consistent not one time, I am including it into their non-GAAP estimates and results as it is a more accurate representation of their business.
All the information about this company and its release schedules are public knowledge and available. Where you hoping for a "SURPRISE! We have secretly been developing a game for 2 years now and not telling our shareholders and that is why we have been making a loss!" Message boards are the last place you want to turn for investing advice/information.