Thread #61780870 | Image & Video Expansion | Click to Play
>GTA 6 is going to come out soon
>The stock is down and hasn't moved up in a while.
what do you think?
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>>61780870
The financials are a nightmare. I probably wouldn't invest under any circumstances; even with GTA6 probably poised to make barrels of money
https://www.cnbc.com/quotes/TTWO
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reminder that attempting to invest in video game companies because you play video games and think this gives you a meaningful understanding of the industry in relation to your preferred company's market value is a mistake
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>>61780870
I slurped some more yesterday and today. GTA5, a game from 13 years ago, still holds the record for the best selling entertainment product ever as well as some others IIRC the best-selling 24h video game release. The pent-up demand waiting for this game is huge and I don't think the average retail investor or most institutional investors consider or realize this. Dan Houser may have left but Sam is still there so I don't expect the new game to be anything too insane that it alienates people. If you're scared of that you could sell some pre-release and sell some post-release
That said, >>61780914 isn't wrong: the net income for some years now is negative. If you're buying now, you're looking for:
another character trailer
a gameplay trailer
a release trailer
the game receiving journalist ratings shortly before public release
news of records being broken
the first earnings call after release
Any further delay will hurt the stock price but depending on you that will create a further buy opportunity. Wedbush price target IIRC is $300
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OH SHIT BUY BUY BUY
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>>61780870
No one ever plays games, but also:
>ram shortage or skyrocketing
>same for gpu
>new games are scarce and almost all shit
>old games playable with +10yo pc
Vidya is dying, zoomers dont care anymore about them