I agree with the bearish calls and I believe this stock is overvalued.
Sales have already started to decline.
It will take time for Sony to recover from their recent production problems. By the time there is a large install base this title will be forgotten by the mass consumer in favor of newer and bigger titles like fellow PS3 racer Gran Turismo 5.
8
Sales have already started to decline.
It will take time for Sony to recover from their recent production problems. By the time there is a large install base this title will be forgotten by the mass consumer in favor of newer and bigger titles like fellow PS3 racer Gran Turismo 5.
Sisclosure: I am short on Ridge Racer 7 (PS3)