Avoid Electronic Arts and Buy Puts
Electronic Arts $EA is in big trouble. Its BF5 is a wannabe version of Fortnite. And consumers are not buying it.
The weak ER affirms the business is deteriorating.
The following day, news that Apex Legends grew faster than Fortnite on launch sent the stock up 16%. The registration is of course high: it's free to play.
EA earnings nothing from free registrations.
Short EA stock or buy Puts if the stock continues its rally.
The weak ER affirms the business is deteriorating.
The following day, news that Apex Legends grew faster than Fortnite on launch sent the stock up 16%. The registration is of course high: it's free to play.
EA earnings nothing from free registrations.
Short EA stock or buy Puts if the stock continues its rally.
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