4 ms·
The same people who won't buy EA games. Oh - http://www.zacks.com/commentary/32628/bull-of-the-day-electronic-arts-ea http://www.zacks.com/commentary/32628/bul
by mhurron 12y ago
The same people who won't buy EA games. Oh -
http://www.zacks.com/commentary/32628/bull-of-the-day-electronic-arts-ea http://www.zacks.com/commentary/32628/bull-of-the-day-electr...
"The stock has been an all-star performer over the past two years, as EA has appreciated by nearly 150% in the time frame."
Gamers don't care.
- adventured 12y agoI agree that gamers mostly don't care, but referencing the stock doesn't support your argument. First of all, most stocks have appreciated significantly, the stock market is at all time highs. Second, EA sales do not correlate to the stock price increase, nor do profits (you can wait for the stock crash accordingly). Their PE ratio is basically between off the charts and negative. Their sales haven't increased in six years: they did $4 billion in sales in fiscal 2008, they did $3.8 billion in fiscal 2013. Why is it up so much? Because investors are frequently irrational, sentiment tends to go to extremes.