burcham82's Blog : ATVI - Still at a cheap price (underpriced)

ATVI - ACTIVISION BLIZZARD INC - is a worldwide pure-play online and console game publisher with leading market positions across all categories of the rapidly growing interactive entertainment software industry.

Earning suprises have averaged over 70% over the last four quarters.
ABR of 1.09 out of 20 brokers with an average of $15.83 target price.
18 of the 20 brokers with a Strong Buy and 2 with a Buy Rating.
Zero debt and 3 billion in cash, with half billion income yearly from one of it's top games World of Warcraft.
Recently bought back $250 million in shares for stock buyback program brining its total to $650 million repurchased of the $1.25 billion it owns.
ATVI reaffirms guidance for the quarter which put some instant wind in the sails.

I picked up this stock around $11.50 when it dipped down, I still think you may catch it right around $12.00 in the next week or two. But I do not believe you will find this stock in that range 3 months from now. Look for it to have moved at least 10% from highs todays, which would put it around $13.50.

Wanted to add there has been reports showing a large number of options bought on ATVI at $12.00 for oct and at $12.50 for nov. That would be a break even around $12.65 for Oct and break even of $13.25. Just more indications that other investors feel the same way of being underpriced.