What do you folks think about the recent developments with this despised publisher?
Their stock price and their financial forecasts are bad. No longer rated a Buy, or a Hold, it has sunk to a Sell recommendation. Insider reports show a literal looting of the company value as highest ranked individuals are dumping their shares.
[haha]
We need not wonder how this happened. The writing was on the wall for the last 5 years. To me, the biggest mystery is how they managed to stay alive so long. Reportedly, Disney may yank the Star Wars liscence, and that's long overdue.
Maybe their main vulnerability was the recognition that they had switched from Games Publishing to the casino business by regulators abroad. And the restrictions slaughtered their earnings model. Good riddance, I say.
Edit:
OK, WOW! As this was being posted, the share price nosedived from $95 to $75 upon the announcement of disappointing Battlefield V sales. I guess all the CEOs and CFOs and Exec VPs had that info first.
And that now raises the unwelcome spectre of an FDC investigation into insider trading.
Their stock price and their financial forecasts are bad. No longer rated a Buy, or a Hold, it has sunk to a Sell recommendation. Insider reports show a literal looting of the company value as highest ranked individuals are dumping their shares.
[haha]
We need not wonder how this happened. The writing was on the wall for the last 5 years. To me, the biggest mystery is how they managed to stay alive so long. Reportedly, Disney may yank the Star Wars liscence, and that's long overdue.
Maybe their main vulnerability was the recognition that they had switched from Games Publishing to the casino business by regulators abroad. And the restrictions slaughtered their earnings model. Good riddance, I say.
Edit:
OK, WOW! As this was being posted, the share price nosedived from $95 to $75 upon the announcement of disappointing Battlefield V sales. I guess all the CEOs and CFOs and Exec VPs had that info first.
And that now raises the unwelcome spectre of an FDC investigation into insider trading.
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