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11-06-2008 @ 9:22PM
Yup it's just GAAP. The cash flow from selling you the game is recognized immediately, but the sales (and therefore earnings) from the sale get spread out.As a portfolio manager, I'm more interested in cash flow than earnings. Companies go bankrupt because they run out of money, not earnings.Fortunately I own ATVI (Activision Blizzard) in my portfolios and it did great today! Woot!Scoobydruid the PM
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