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Activision - The One Stock You Must Buy Before $1 Billion Stock Repurchase Plan

Posted On : May 8th, 2012 | Updated On : May 8th, 2012

OMG! Yeah, that's what I said. What company, in this wicked recession, can do a $1 billion stock repurchase plan? If that doesn't peak your interest, then what if I tell you the stock trades for less than $12 a share? Interested yet? The company is Activision (ATVI) and some big money making news has just been released creating lots of bullish buzz around this stock. On March 30th, 2010, Call of Duty(R): Modern Warfare(R) 2 Stimulus Package is coming to the Xbox LIVE. This is the first new multiplayer maps from the biggest entertainment launch in history. How big? Call Of Duty Modern Warfare 2 made an estimated $155 million just on opening day! All of these Call Of Duty Modern Warfare 2 gamers are going to want these new multiplayer maps. Cha-Ching! If that isn't enough, Activision (ATVI) has a new agreement with Anchor Bay Entertainment to release 10 Minute Solution, a video game for Wii based on the popular exercise DVDs. Coming this Spring, 10 Minute Solution will bring focused exercise activities to fitness fans with busy schedules, in an affordable and fun way. Cha-Ching! In July of 2008, Activision (ATVI) was trading for over $18 a share. It now trades at $11.53 a share. Traders began to price in declining game sales in a recession a couple of years ago. Just last month, sales of game software declined by 15% for the month to $624.4 million. It is precisely because of this bad news that you can buy Activision (ATVI) for so cheap. If you follow me on Twitter you know that I'm long Activision (ATVI) as of March 15th, 2010.

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