Bobby Kotick was just on CNBC. He seemed very optimistic on 2009, despite their earnings forecasts. The past quarter was not great, and even at these levels, buying a consumer stock does not sound appealing.
ATVI does seem to be the best positioned of the video games stocks considering they do have a Blizzard game in the pipeline. I think if they can get Starcraft II out this year, they could have a profitable 2009. Otherwise, I don't know how much more they can milk another Guitar Hero in this environment.
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ATVI does seem to be the best positioned of the video games stocks considering they do have a Blizzard game in the pipeline. I think if they can get Starcraft II out this year, they could have a profitable 2009. Otherwise, I don't know how much more they can milk another Guitar Hero in this environment.