I gotta say, I think it is a good deal down here.
The interesting thing is Cramer talking about how much the IP is worth if you look at the brands.
As if TTWO is worth 1.2 billion with GTA, RDR, NBA 2K, Bioshock, Borderlands, etc.
would ttwo accept 25 or 26 again? will ea offer that now or less?
last offer they should have accepted, the stocks at 13's now and never hit that again but who know maybe max payne 3 and the rest will be bigger then anyone thought and then it may head north of that...
been thinking about it but i would be buying puts believe it or not. i think its not good and could break down below 52 week lows. turnaround number 10 starting soon at EA. How many times must we hear that? Only problem is if they are as bad as I fear, you know we go down with them since the market will see that as just more evidence that the VG market is dead or dying. Only thing that might save them is guidance if they announce the relase of GTA V, and then the acquisition of us!
Falling knife? EA will likely recover but I think the Star Wars MMO may disappoint. I just don't think the Star Wars brand is as popular as it once was. The prequels are done with and generally disliked these days. Blizzard is fighting back hard. And other new MMOs are coming up. I don't think the Star Wars will be a disaster but it won't be the profit center EA dreamed it would be.