>ERTS: Still a Buy Despite Weak Quarter

November 11, 2009

>Our NY presenter is still positive on Electronic Arts’ prospects (NASDAQ: ERTS, $18.29). The stock dropped 6% yesterday, following the release of fiscal Q2 results. The presenter stresses that the weak guidance the company offered was not entirely unexpected. He believes the stock will start gaining after one last month of negative NPD data for the videogame industry. Agressive job cuts just announced by the company is a positive development.

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