The Company develops, markets, publishes and distributes interactive software games that are playable by consumers on video game consoles, personal computers, mobile platforms and online.
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I never will understand this company's financials or management. It is a dominant player in its core business but is seeing its edge chipped away by social media, casual gaming, and mobile; yet it continues to leverage itself to the hilt as though its fast-growth days weren't behind it - the huge debt pile makes common essentially worthless in a liquidate-tomorrow scenario.
It's a case where the quality of the product and the excellence of execution on projects somehow isn't matched by the big-picture global management strategy.
I first made this thesis in 07 and it's netted me a couple hundred CAPS points so far. I'd sure like to hear from somebody telling me why I'm wrong.