OTGLY - CD Projekt Focuses Too Much On Quality To Be Attractive For Investors
- Cyberpunk 2077 is the most anticipated video game of 2020 and is set to release on December 10.
- I expect the game to sell around 30 million copies, which is pretty good but it doesn’t justify CD Projekt's market capitalization of close to $10 billion.
- CD Projekt focuses on developing one quality game at a time and avoids the products for which many of the major video game developers are criticized by customers.
- However, this business model severely limits the company’s financial performance.
- I think CD Projekt should be worth less than $2 billion. Buy the game, sell the shares.
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CD Projekt Focuses Too Much On Quality To Be Attractive For Investors