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Blinded Iraq war vet raids with a little helpATVI is a "conviction buy"
by Mike Schramm 
Apr 30th 2009 at 6:00PM
Well, The9 is going down in flames, but if you're looking to make some money in the stock market lately, you could do like BRK and buy some stock in Activision-Blizzard. Goldman Sachs has upgraded ATVI to "buy," and even marked them out as a "conviction buy" -- while the stock price is almost $11 right now (it jumped up about .75 on this news this morning), GS says it's headed to $14 eventually. "Conviction buy" just means that the wily traders at Goldman Sachs expect the stock to outperform in the future -- Activision is already saying it will do well, but GS thinks it'll do even better.Medievaldragon over at WorldofWar.net points out that there may still be trouble ahead: while Blizzard has gone with Netease for their service in China, they still have to make it past the Chinese government's approval process, and there may actually be service outages if things aren't approved quickly. But that won't affect Activision's business very much, and given that the company still has a bright future (even in a harsh economy), picking up a few shares is probably a relatively good investment.
Please note: I am not a financial expert, and none of this should be taken as serious financial advice. You invest in the stock market and any other financial institution at your own risk. If you're getting stock tips from WoW Insider, it's probably better to keep your money in your pocket. AH tips, on the other hand...
Filed under: Odds and ends, Blizzard, Economy
Reader Comments (Page 1 of 1)
Lerang Apr 30th 2009 6:06PM
Damn, if only I had $11 to invest in my favorite company. Lol
yokumgang Apr 30th 2009 6:07PM
Based on how well these guys did with the economy we're in right now, I'm thinking....no.
Lerang Apr 30th 2009 6:14PM
I live in Canada =D
________________
= I can live with it
Plus I was only planning on buying like 2 or 3 stocks. Mabey cash them in when I need some extra cash.
Rofllol Apr 30th 2009 6:31PM
^
If we had a market like that now I would *imagine* it would be more stable. If every person had a few stocks in the companies of their choice, instead of one investment company investing in thousands if not hundreds of thousands of stocks, They wouldn't have the problem if you decide to take out your cash, they're fine. However, if the company that was supporting them decides to call it quits and takes out their stocks. That company just lost most if it's confidence with any others who had stocks in their confidence. Causing them to withdraw, causing the overall stocks to take a *huge* dive, which in turn could very well cause layoffs and bankruptcy. Unfortunately that is not the world that we live in today.
Blake Apr 30th 2009 6:38PM
I purchased 163 shares back on Jan. 8 for $9.249 per share and since then, I'm pretty sure it's the only stock I own that's gone up. Invest in what you like. I made a big chunk of money off of Sirius early on and made good money off of NTN back when I played a bunch. Since then, I've tried to buy stocks recommended by others and lost. It just seems to me that it's better to invest in something you want to succeed rather than throwing money at some stock that you don't care about at all.
Izzy May 1st 2009 10:17AM
And also invest in industries you understand. It helps you comprehend annual reports.
Phang Apr 30th 2009 7:37PM
I bought 500 shares when it was down to 9.44. Wish I had bought it after Vivendi trashed the shareholders by cutting the value in half. Thank god I get to vote on it, hopefully they will kick some of those bastages out and let Activision call its own shots.
PS Blake, ERTS (Electronic Arts) has been on several buy lists and has gone up too.
But yeah, everything else has seriously tanked.
Sean Apr 30th 2009 8:33PM
Activision-Blizzard is one of the few large publishers still posting consistent profits and not entirely due to Blizzard's influence. By focusing on marketable franchises and overall decent quality games, they've managed to keep selling through new releases even as Electronic Arts has struggled with albeit more ambitious titles like Mirror's Edge. Seems like a solid buy to me, Blizzard notwithstanding. When you add Blizzard though, and the probable release this year of the first installment of Starcraft 2....
Aedilhild Apr 30th 2009 8:57PM
I bought shares at the trough's nadir six months ago -- along with Netflix which, I might add, is doing qui-i-i-i-i-i-ite nicely.
Izzy May 1st 2009 10:15AM
I bought 200 shares when it was $9 a share. Its a solid investment right now. Not as good as the 8,000 shares of Citigroup that I bought for $1, but still good.