Mike Olson,analyst at Piper Jaffray,points out that those gaming consoles are getting old.They are even being sold on Craigslist.With the stocks' valuations where they are,they may look interesting.Both Electronic Arts and Activision are within 15% of their low valuation.
We can see over the horizon that new consoles are coming in holiday 2013.From 6-18 months after the launch of a new console,they significantly beat the market.Piper Jaffray has a buy rating on both stocks.
Among Activision's games are Skylanders Cloud Patrol(TM);the upcoming Call of Duty(R):Modern Warfare 5(R);and World of Warcraft:Mists of Panderia(TM).Electronic Arts publishes titles such as Battlefield 3;SimCity;and FIFA 13.
Activision Blizzard(ATVI),Electronic Arts(EA)
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