Video game stocks have taken a bashing in recent months following the credit crunch. Nearly every major game stock is down.
Which is bizarre seeing as whilst it might not be "recession proof" it's definitely a growth sector.
I think people are pulling cash out of these stocks for other reasons than concerns over future performances. Some of the publishers were over-valued certainly and the Yen is kicking Nintendo but I don't see much to be concerned about at Activision as the analyst suggested.
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Video game stocks have taken a bashing in recent months following the credit crunch. Nearly every major game stock is down.
Which is bizarre seeing as whilst it might not be "recession proof" it's definitely a growth sector.
I think people are pulling cash out of these stocks for other reasons than concerns over future performances. Some of the publishers were over-valued certainly and the Yen is kicking Nintendo but I don't see much to be concerned about at Activision as the analyst suggested.