-
Electronic Arts Reports Decent Fiscal Q2 Results (ERTS)
Monday, November 9, 2009 - 4:10pm | 78Video game maker Electronic Arts (Nasdaq: ERTS) reported fiscal second-quarter results of 6 cents in per share earnings on sales of $1.15 billion. The top-line number narrowly beat Street estimates. The company expects full-year earnings to be between 70 cents and $1 a share and that has the...
-
Fund Performance Period 11
Monday, November 9, 2009 - 4:05pm | 4249As a reminder, if you are interested in this type of fund as a worthwhile consideration for future investment, please consider reading why this blog exists. [Jan 7, 2008: Reader Pledges Toward Mutual Fund Launch] [May 26, 2008: Frequently Asked Questions] Our story in Barron's [A New Kind of Fund...
-
US Stocks Report Earnings: IGT, BX, AIG, ATVI, PSMT, HANS
Friday, November 6, 2009 - 6:21pm | 309It is a busy Friday as 147 companies report earnings today. These companies span a wide spectrum of industries, from insurance companies like AIG, to healthcare companies like Par Pharmaceuticals, and even retail companies like Price Smart. Among the companies releasing their earnings today, AIG (...
-
The9 Limited (NCTY ) to Report Third Quarter 2009 on November 23
Friday, November 6, 2009 - 6:13am | 68The9 Limited (Nasdaq: NCTY) ("The9"), an online game operator and developer in China, announced that it will host a conference call and webcast on Monday, November 23, 2009 at 8:00 PM. The9 (NCTY) Limited is an online game operator and developer in China. The9's business is primarily focused on...
-
Ohio Approves The Casinos (PENN, IGT, BYI, SHFL)
Wednesday, November 4, 2009 - 12:13am | 182Ohio finally approves the casinos and Penn National Gaming (Nasdaq: PENN), Cleveland Cavaliers owner Dan Gilbert, Forbes Company Nate Forbes, ex-Detroit Mayor Dennis Archer among others stand to benefit as they are the investors in the various casinos. Issue 3 allows for the construction of four...
-
NYT: Are Chinese Video Game Makers a Threat to Western Operators?
Monday, November 2, 2009 - 12:34pm | 1498An interesting blurb in the New York Times in one of the sectors still exhibiting relatively decent (non government) performance in the U.S. - video games. Electronic Arts (ERTS) just seems to have lost its way - and judging by its stock, it seems to have missed the notice that we're in a new bull...
-
EA Mobile Announces Five New Games Available on the App Store
Monday, November 2, 2009 - 5:11am | 137EA Mobile, a division of Electronic Arts Inc. (NASDAQ: ERTS), announced five new titles available on the App StoreSM: Score points with NBA LIVE and EA SPORTS FIFA 10, solve the mysteries of the mansion in Mystery Mania, test word wits with Hasbro’s BOGGLE, and experience fast and furious real time...
-
THQ (THQI) Announces Extension of WWE Renewal Notice Deadline to December 31, 2009
Wednesday, October 28, 2009 - 6:48am | 133THQ Inc. (NASDAQ: THQI) announced that it has been notified by World Wrestling Entertainment, Inc. (“WWE”) that the WWE has extended the renewal notice deadline for the videogame license held by the joint venture between THQ and JAKKS Pacific, Inc. to December 31, 2009. The renewal would extend the...
-
China’s Monopoly Test Cases Settled
Tuesday, October 27, 2009 - 8:29am | 150The Financial Times reported that Chinese courts gave more power to Chinese consumers through the new anti monopoly laws. A Beijing court ordered China Mobile (HKG: 0941), the world’s largest mobile phone group, to pay Rmb 1,000 ($146) to one of its customers. The customer filed a case alleging...
-
Someone's Computer Goes Ballistic on AsiaInfo Holdings (ASIA); Gafisa (GFA) Continues to Fly
Wednesday, October 14, 2009 - 10:04am | 663This feels so much like 1999; it's like an orgy of moves to the upside. I am not sure what is going on today with AsiaInfo Holdings (ASIA) but it appears at around 10:15 AM someone's HAL9000 got very interested in the name. Volume in the first 75 minutes is already 140% of the daily average....
-
Bookkeeping: Stopped Out of Good Portion of Perfect World (PWRD)
Tuesday, October 13, 2009 - 12:15pm | 612Our foray into Perfect World (PWRD) yesterday hit a roadblock as the stock has seen another 5% of downside; thus triggering our stop loss levels. I had offered 75% of our shares if the stock broke below $39.80 so we're down to roughly a 0.4% allocation now after increasing our position yesterday...
-
Chinese Online Gaming Companies Hit by Government Mandate - Adding to Perfect World (PWRD)
Monday, October 12, 2009 - 10:52am | 856One outlier today is Perfect World (PWRD), which is down over 5%. Searching for news there appears to be a government mandate disallowing foreign investment in online gaming companies. China's press and copyright authorities have banned foreign investors from operating online games "in any form...
-
5 Stocks with Highest ROA and Lowest PEG (ESI, PDLI, ARO)
Tuesday, October 6, 2009 - 1:04am | 154ITT Educational Services Inc (NYSE: ESI) has a return of asset of 44.30% and a PEG ratio of 0.79. RBC Capital Markets initiated coverage of ESI with an “outperform” rating. PDL BioPharma Inc (NASDAQ: PDLI) has a return of asset of 41.30% and a PEG ratio of 0.25. Lazard Capital Markets upgraded PDLI...
-
Microsoft Corporation (MSFT) Has No Plans To Acquire Electronic Arts Inc. (ERTS)
Thursday, September 24, 2009 - 6:40am | 110Today Microsoft Corporation (NASDAQ: MSFT) said that it has no plans to acquire video-game publisher Electronic Arts Inc. (NASDAQ: ERTS) responded to rumors circulating yesterday that sent shares of Electronic Arts, Inc more than 7% higher. Shares of Electronic Arts Inc. (NASDAQ: ERTS) are...
-
Stocks to Watch (CTAS,ERTS,RIMM,RHT,HERO,PAYX,PPS)
Thursday, September 24, 2009 - 5:18am | 345Cintas Corporation (NASDAQ: CTAS) rose 2.65% to $28.35 in after hours trading as the largest U.S. supplier of uniforms reported first-quarter profit of 43 cents a share, beating the average analyst estimate by 9.4%. Electronic Arts Inc. (NASDAQ: ERTS) may be in focus as Microsoft Corporation (...