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Activision Blizzard to be a Hit This Fall

|Includes: Activision Blizzard, Inc (ATVI)
Any gamer out there knows that Activision Blizzard (NASDAQ:ATVI) delivers hit after hit. Well this fall they have another game of the year coming out in Call of Duty: Black OPs. If you have any skeptics about how great the game is going to be I think this trailer can help get rid of them.Above is just a small piece of what Activision Blizzard does remarkably well. Frankly they are one, if not the best video game designer out there. Their business as a whole isamazing. ATVI blew everyone out the water in the first quarter doubling profit numbers and increasing revenue +30% to $1.3 billion. For some reason though the stock hasn’t followed. The video game creator has been lagging in the past 12 months compared to other stocks. With fall around the corner and strong titles coming out I think this stock will start to pickup. A PEG of 0.1 shows this stock is undervalued big time. $3.3 billion in cash shows they have room to grow. Analysts love it, I love it, the world should love it. ATVI should lag no more as I have a target price of $18.

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Disclosure: "LONG ATVI"