Activision: Buy After The Blizzard
Activision Blizzard is down nearly $40 from the highs near $85. Their prime Activision and Blizzard game franchises have a whole mobile world waiting for expansion. The interactive entertainment giant has a strong moat evident by 30% operating margins. The stock trades at 17x 2019 EPS estimates and is likely to dip further based on the CFO firing. Like most stocks lately, Activision Blizzard ( ATVI ) has seen the stock take a substantial hit. Some of the $40 hit is justified based on disappointing numbers, but the game developer is riding a strong industry for the next decade to build an interactive entertainment giant without the large content costs of other entertainment players. Read the full article at Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details .