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GLUU - Electronic Arts: How To Destroy Shareholder Value
Glu Mobile Inc.
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5 days after we last wrote our Electronic Arts(EA) article in late-January, EA reported its Q3 2019 results and its stock plummeted nearly 20%, in what would be the worst drop since 1999. The catalysts in our article played out perfectly - BFV missed expectations, as expected, and digital sales were significantly lower than expected.
That was the end of it, we thought. However, EA quietly released a new game, Apex Legends, in early February. The success of Apex Legends has caused EA stock to rebound significantly, from near