cutXthroat Posted January 19, 2012 Share Posted January 19, 2012 (edited) SAN FRANCISCO (MarketWatch) -- Shares of Electronic Arts Inc. fell nearly 3% to $17.75 on Thursday morning after an analyst with Brean Murray Carret & Co. cut his price target on the stock to $22 from $28, citing concerns about the recently released online multi-player game "Star Wars: The Old Republic." In a note to clients, analyst Todd Mitchell wrote that "creeping concerns" about the performance of "Star Wars" -- which was released in late December -- is causing him to trim his earnings estimates for the 2013 fiscal year. "Specifically, initial sales appear to be below expectations, and casual observation of early play is causing us to rethink our churn assumptions," Mitchell wrote. Anyone have any thoughts on this? Borrowed from http://www.marketwatch.com/story/ea-falls-on-broker-concerns-about-star-wars-2012-01-19?link=MW_home_latest_news Edited January 19, 2012 by cutXthroat Link to comment Share on other sites More sharing options...
RedFox Posted January 19, 2012 Share Posted January 19, 2012 below expectations? anyone have sales figures? Link to comment Share on other sites More sharing options...
Carltronus Posted January 19, 2012 Share Posted January 19, 2012 Seen this already. Never trust the opinion of a Stockbroker. The company I work for posted a 3% increase in sales over christmas, which caused share prices to fall because the shareholders wanted 6%. Despite this, the company is still set to post a profit of £4 billion this year, our highest yet. This should send share prices rocketing again. So I suggest waiting for EA's yearly profit announcement before assuming gloom and doom. Link to comment Share on other sites More sharing options...
Thamelas Posted January 19, 2012 Share Posted January 19, 2012 When your game is the topic of discussion on a financial website, you know your in deep trouble. Link to comment Share on other sites More sharing options...
Jaick Posted January 19, 2012 Share Posted January 19, 2012 San Francisco. Stopped reading there. Link to comment Share on other sites More sharing options...
inseeisyou Posted January 19, 2012 Share Posted January 19, 2012 I assumed you were trolling but the website seems legit. Wow. Just Wow. Maybe they will get serious about fixing bugs now. Link to comment Share on other sites More sharing options...
SlickDevlan Posted January 19, 2012 Share Posted January 19, 2012 SAN FRANCISCO (MarketWatch) -- Shares of Electronic Arts Inc. fell nearly 3% to $17.75 on Thursday morning after an analyst with Brean Murray Carret & Co. cut his price target on the stock to $22 from $28, citing concerns about the recently released online multi-player game "Star Wars: The Old Republic." In a note to clients, analyst Todd Mitchell wrote that "creeping concerns" about the performance of "Star Wars" -- which was released in late December -- is causing him to trim his earnings estimates for the 2013 fiscal year. "Specifically, initial sales appear to be below expectations, and casual observation of early play is causing us to rethink our churn assumptions," Mitchell wrote. Anyone have any thoughts on this? Borrowed from http://www.marketwatch.com/story/ea-falls-on-broker-concerns-about-star-wars-2012-01-19?link=MW_home_latest_news Because analysts are always right... http://www.thefiscaltimes.com/Articles/2011/12/27/8-Outrageously-Flawed-Economic-Predictions.aspx#page1 Link to comment Share on other sites More sharing options...
Thamelas Posted January 19, 2012 Share Posted January 19, 2012 Seen this already. Never trust the opinion of a Stockbroker. The company I work for posted a 3% increase in sales over christmas, which caused share prices to fall because the shareholders wanted 6%. Despite this, the company is still set to post a profit of £4 billion this year, our highest yet. This should send share prices rocketing again. So I suggest waiting for EA's yearly profit announcement before assuming gloom and doom. This isn't a normal market. Software lives and dies on the opinions of people and users. Your ideas about stock valuation does not apply here. Link to comment Share on other sites More sharing options...
Andryah Posted January 19, 2012 Share Posted January 19, 2012 SAN FRANCISCO (MarketWatch) -- Shares of Electronic Arts Inc. fell nearly 3% to $17.75 on Thursday morning after an analyst with Brean Murray Carret & Co. cut his price target on the stock to $22 from $28, citing concerns about the recently released online multi-player game "Star Wars: The Old Republic." In a note to clients, analyst Todd Mitchell wrote that "creeping concerns" about the performance of "Star Wars" -- which was released in late December -- is causing him to trim his earnings estimates for the 2013 fiscal year. "Specifically, initial sales appear to be below expectations, and casual observation of early play is causing us to rethink our churn assumptions," Mitchell wrote. Anyone have any thoughts on this? Borrowed from http://www.marketwatch.com/story/ea-falls-on-broker-concerns-about-star-wars-2012-01-19?link=MW_home_latest_news http://finance.yahoo.com/q/ao?s=EA+Analyst+Opinion Solid stock according to composite of analysts, and consistent as well from an analyst stand point. People just using one analysts revised price estimate as a reason to rant, raid, and pillage the forum Link to comment Share on other sites More sharing options...
Cameirus Posted January 19, 2012 Share Posted January 19, 2012 I assumed you were trolling but the website seems legit. Wow. Just Wow. Maybe they will get serious about fixing bugs now. No, depends on their confidence. If its low, then they will go into dmg management. Ie: Spend as little as possible whilst maximising returns but without committing any more resources to the product. If its high, then they spend money on it as it will grow and return money. Facts dont really matter, its all the confidence of their investors and stockholders. Link to comment Share on other sites More sharing options...
Mandrax Posted January 19, 2012 Share Posted January 19, 2012 Brokers constantly make false predictions to help maximise their own profits. You can't trust anything they say. Link to comment Share on other sites More sharing options...
youwillburn Posted January 19, 2012 Share Posted January 19, 2012 (edited) http://finance.yahoo.com/q/ao?s=ea+analyst+opinion solid stock according to composite of analysts, and consistent as well from an analyst stand point. People just using one analysts revised price estimate as a reason to rant, raid, and pillage the forum -4% 1234567 edit: almost -5% Edited January 19, 2012 by youwillburn Link to comment Share on other sites More sharing options...
Cameirus Posted January 19, 2012 Share Posted January 19, 2012 (edited) http://finance.yahoo.com/q/ao?s=EA+Analyst+Opinion Solid stock according to composite of analysts, and consistent as well from an analyst stand point. People just using one analysts revised price estimate as a reason to rant, raid, and pillage the forum actually that site puts it as a slightly (verrrryy slightly) positive option, but not moving. Certainally not a "strong to buy" at all. Still with a -4% value though. Edited January 19, 2012 by Cameirus Link to comment Share on other sites More sharing options...
racsofp Posted January 19, 2012 Share Posted January 19, 2012 (edited) Well...at least this thread isn't about any of the following: I quit and here's why. I'm a guy playing a girl toon...when can my girl toon kiss another girl toon? This robe makes my Jedi butt look big. Why are all women so well endowed in the Star Wars universe? Chairs: Why can't we sit in any except on our ship? I played WoW...here's what I think about [insert any subject here] Damage meters, Addons, Macros, and why this game will fail without them So I approve of it even though I don't really care what a stock analyst thinks of anything, including stocks most of the time. Edited January 19, 2012 by racsofp Link to comment Share on other sites More sharing options...
ZettaZonvolt Posted January 19, 2012 Share Posted January 19, 2012 Activision Blizzard took a nosedive too. This has nothing to do with Star Wars but with the economy itself. People are less keen to invest in entertainment during recession. Link to comment Share on other sites More sharing options...
Soulaufein Posted January 19, 2012 Share Posted January 19, 2012 Seen this already. Never trust the opinion of a Stockbroker. Yeah, except his clients do. And his clients are investors that by injecting money, keep products flowing. The thing is, rating agencies DO care, investors DO care and guess what, EA aint gonna be loosing money in products for too long - as in giving up on Warhammer Online 3 months after the launch. There arent many things as important to a corporation as market value. Actually, these news may be the best news this game as seen in a while, or the worst. The ball is on Bioware. Link to comment Share on other sites More sharing options...
Cameirus Posted January 19, 2012 Share Posted January 19, 2012 Activision Blizzard took a nosedive too. This has nothing to do with Star Wars but with the economy itself. People are less keen to invest in entertainment during recession. Apart from that 85million Trion just got you mean? Following their 100milliion revenues over 10months. Just saying...the money is there but people are being more careful where they put it now. Link to comment Share on other sites More sharing options...
rlhaas Posted January 19, 2012 Share Posted January 19, 2012 (edited) Oh pfffft. Stockbrokers are the weathermen of Wall Street. 'Oh look, a rainbow....I'm gonna tell all my clients to dump Microsoft today,'. That's how they do their job. Nothing to see here. Edited January 19, 2012 by rlhaas Link to comment Share on other sites More sharing options...
PjPablo Posted January 19, 2012 Share Posted January 19, 2012 http://finance.yahoo.com/q/ao?s=EA+Analyst+Opinion Solid stock according to composite of analysts, and consistent as well from an analyst stand point. People just using one analysts revised price estimate as a reason to rant, raid, and pillage the forum Actually that isn't good at all. Analysts tend to avoid placing 'Sell' ratings on stocks so they use 'Hold' instead. When you have a stock with as many Buys as Holds/Sells that is not a good sign. Many investors screen for a large ratio of Buys to Holds before they will even consider it. Link to comment Share on other sites More sharing options...
Andryah Posted January 19, 2012 Share Posted January 19, 2012 actually that site puts it as a slightly (verrrryy slightly) positive option, but not moving. Certainally not a "strong to buy" at all. Still with a -4% value though. I did not say it was strong buy. I said it was solid and consistent in the context of analyst rakings. It's "mean" is right in the middle range of buy/sell and has been for some time. Daily twitches on stock price mean zip, except as a banner for a forum ranter and game hater. Link to comment Share on other sites More sharing options...
Monsata Posted January 19, 2012 Share Posted January 19, 2012 Oh noes! SWTOR hasn't reached the 923986239569235 subs some idiot thought they might have by Jan. 2012!!!!....what does this have to do with me enjoying my SWTOR again ? Link to comment Share on other sites More sharing options...
Mackuss Posted January 19, 2012 Share Posted January 19, 2012 I assumed you were trolling but the website seems legit. Wow. Just Wow. Maybe they will get serious about fixing bugs now. hahahahahahaha.... Oh, and no, they won't. Link to comment Share on other sites More sharing options...
DannyInternets Posted January 19, 2012 Share Posted January 19, 2012 Activision Blizzard took a nosedive too. This has nothing to do with Star Wars but with the economy itself. People are less keen to invest in entertainment during recession. Uh, you realize that the entertainment industry actually thrived in this recession, right? It was a huge topic amongst economists from 2008 onwards. Link to comment Share on other sites More sharing options...
Blackfriar Posted January 19, 2012 Share Posted January 19, 2012 Seen this already. Never trust the opinion of a Stockbroker. The company I work for posted a 3% increase in sales over christmas, which caused share prices to fall because the shareholders wanted 6%. Despite this, the company is still set to post a profit of £4 billion this year, our highest yet. This should send share prices rocketing again. So I suggest waiting for EA's yearly profit announcement before assuming gloom and doom. But that's how it works... But beyond that, EA released this game at a time where we'll get early subs in their financials. With lots of people having their 'free month' and a two or three month game card in the system, they'll still be fine for the fiscal year ending. More interesting will be their second and third quarter reports. That'll tell us a lot, lot more than this year's ending. Link to comment Share on other sites More sharing options...
Quip Posted January 19, 2012 Share Posted January 19, 2012 I could very easily be wrong here, but hasn't EA's stock been trending that same way at that same rate for a while now? Link to comment Share on other sites More sharing options...
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