David Weinstein

Electronic Arts: The Turnaround Is At Hand For This Fallen Angel - Buy On Headline Weakness

The core video game industry has suffered significant declines in 2012. According to research firm NPD, U.S. sales of physical hardware and software products (excluding PC) are down 30% and 23%, respectively, through November. As other Contributors have noted, the share prices of third-party publishers such as Electronic Arts (NASDAQ:EA) have responded accordingly. EA closed at $13.94 today, down ~30% YTD (off nearly 10% in the wake of the Newtown tragedy). Truth be told, third-party publishers have struggled since the financial crisis. None of EA, Activision (NASDAQ:ATVI), Take Two (NASDAQ:TTWO), or Ubisoft (OTCPK:UBSFY) have recovered from crisis lows. I argue that one of these fallen angels, EA, is finally poised

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