Amit Chokshi, CFA
Hedge fund manager, long/short equity, bonds

Call Of Duty Can't Save Activision

Activision Blizzard's (ATVI or the Company) latest release, Call of Duty: Black Ops II, hit $1B in global sales last two weeks ago. The Company achieved this sales mark in just 15 days, breaking its own record held by Call of Duty: Modern Warfare 3, which took 16 days to hit the mark. Despite the impressive sales levels, ATVI stock seems to have priced Black Ops II as a non-event, confounding some bulls. After taking a closer look at the main drivers of ATVI, I believe most investors are ignoring:

    An aging and stale Call of Duty (COD) franchise A number of problems facing World of Warcraft (WOW) and the outsized earnings impact it can have Historical precedent with ...
Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details