ATVI

Activision Blizzard Inc

TMT


Presented:09/12/2013
Price:$17.19
Cap:$19.20B
Current Price:$94.42
Cap:$72.42B

Presented

Date09/12/2013
Price$17.19
Market Cap$19.20B
Ent Value$14.69B
P/E Ratio20.61x
Book Value$10.02
Div Yield1%
Shares O/S1,119.46M
Ave Daily Vol7,110,000
Short Int0.74%

Current

Price$94.42
Market Cap$72.42B
Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment products worldwide. It operates in three segments: Activision, Blizzard, and Distribution. The Activision segment develops and publishes interactive software products and content. The Blizzard segment develops, markets, and sells role-playing action and strategy PC-based computer games, as well as online subscription-based games in the massively multiplayer online role-playing game category. This segment also maintains a proprietary online-game related service, Battle.net. The Distribution segment provides warehousing, logistical, and sales distribution services to third-party publishers of interactive entertainment software and hardware products. Activision Blizzard, Inc. sells its products to direct mass-market retailers, consumer electronics stores, discount warehouses, and game specialty stores through direct-to-retail basis, third-party distribution, and licensing arrangements, as well as digital online delivery methods. The company is headquartered in Santa Monica, California. Activision Blizzard, Inc. is a subsidiary of Vivendi Société Anonyme.

Highlights

The presenter has been patiently waiting to short shares of Activision (ATVI), and recently put the position on in the wake of Vivendi letting go of its stake in the company and positive sentiment mounting surrounding the console cycle. He outlined a number of issues he believes ATVI is unprepared to deal with over the remainder of 2013, including the new console and refresh cycles, and said the combination of micro and macro issues could result in substantial pressure on the company’s shares if his assumptions are correct.

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Idea Discussion

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