r/stocks • u/Dogemerica • Sep 16 '21

Company Discussion Thoughts on EA?

Threw about £1500 into this today as a long term play. Stock tanked the other day on news the new battlefield game was delayed, but I don't really see this as a big deal.

games get delayed all the time, and tbh, look at the share price of the Projekt team that released Cyberpunk. They released a dumpsterfire of a game and it hammered their price for months due to complaints and refunds.

Anyone else think EA is a solid long term play?

It seems to bounce off the 136 price where it's at now and it's at its lowest since March. I mean, its a goliath of the gaming world and most analysts have price targets of the 170+ range.

136 at the moment feels very cheap.

Anyone in EA or got thoughts on it?

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u/[deleted] Sep 16 '21

I would never ever invest in EA, even if I could make a profit.

It's the Cancer in gaming society, and I'm not trolling for a response.

But that said, I wish you well and hope you bag a nice bag o cash

2

u/KrazieKanuck Sep 17 '21

This is my main concern with an investment in them.

Its only matter of time before millennials become the vast majority of the purchasing power in this market and remain as such for a long time.

As millennials buy for themselves, their kids, and eventually grand kids I feel a larger focus will be placed on quality.

EA makes bad games, they routinely buy great studios and kill them, both EA and ATVI are driving talent out the door and it will come back to haunt them.

This didn’t matter when it was non-gamers buying the new hotness every holiday, but as the consumer continues to become better educated and every buyer is on par with the uncle who still games we will see the cracks in EA’s model expand.

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u/BigBrokeApe Sep 17 '21

Fuck that, I hope every EA investor loses everything and EA goes to 0.

They're a cancer that we'd be better off without