Article Excerpt:
TWST: Would you begin with an overview of your specialty retail coverage?Mr. Pachter: I cover all of the US videogame publishers; I cover the specialty retailers that focus on videogames; and then I cover the specialty retailers that rent movies and videogames, and also sell videogames.
TWST: Looking at the videogame producers, what's going on in that space
at this point?
Mr. Pachter: Today we actually had some interesting news. We had a large
insider sale of stock by Activision (ATVI) executives. The stock's down
13%, and it's taking the rest of the group down. Investors don't like it
because when management sells stock, investors tend to think it means
that the sale is at the top, and they assume that there must be some bad
news coming. I don't actually believe that's true this time, but it
makes my job fun.
Tickers included in this excerpt: ATAR, ATVI, BBI, ELBO, ERTS, GME, HLYW, MSFT, MWY, NFLX, SNE, THQI, TTWO
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