They closed 12 studios in their recent restructuring. That is what blows me away. They have great products, people buy them, they finished restructuring and they STILL are losing money. At some point the board has got to turn to JR and tell him that if the company doesn't turn a profit soon, he's out... go and begone and here is your $150million compensation package!
Used to be a $60 stock, I know, it was my most successful trade in my career, accumulated for 10months margined up the but, then sold it all at $61.95, 5 cents off ERTS's forever high. Ah... good times.
Sad to see it floundering under what I can only guess is bad management because they have on heck of a product pipeline and that isn't a new thing. I know it is up %50 for the year and for that my wallet certainly thanks them but I am with overrated on this one, with DA,ME,BF3,digital,social and their sport line up this should be a $40 stock. If they could just post a profit I think that would appease the rules of many a hedge and mutual fund manager and the action on this stock would be much better.