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Activision Blizzard, Inc. Message Board

  • ezk00 ezk00 Dec 24, 2012 10:11 AM Flag

    Video Game Sector

    Bodes Well for Outlook for 2013 and 2014
    􀂃 Investment Summary
    􀂃 Bottom Line: Results from our proprietary consumer survey point to stronger-than-expected demand for new video game
    consoles, particularly the yet-to-be announced next Xbox and PlayStation device. While ultimately we expect sales to
    depend on the level innovation in these new devices, this indication of interest bodes well for the'13/'14 outlook as new
    products are introduced, after several difficult years in the industry.
    􀂃 Key Investment Highlights:
    􀂃 Recent industry weakness may reflect both cyclical & structural issues, not just structural.
    􀂃 Gaming ecosystem is becoming more complex, but consumers are not planning to abandon consoles.
    􀂃 Solid demand for new consoles, including the next Xbox or PlayStation, which have not been announced yet, while demand
    responses for the recently launched Wii U seem lukewarm.
    􀂃 The ability to play used games remains a must-have for many consumers, a positive for GameStop.
    􀂃 How to Play This:
    􀂃 GameStop (GME, Outperform, $29 TP)
    􀂃 Activision (ATVI, Outperform, $16 TP, Credit Suisse US Focus List)

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