What the hell is up with ATVI?

Ok so the stock market is in the dumps, housing  prices have fallen nearly 13% in the last month alone and pretty soon we'll all be paying more than our house is worth yay!  But in trying economic times you still need to make sound investments, or at least that is what Jim Cramer keeps telling me on his nightly program.  ATVI (Activision Blizzard) looks to be a pretty good bet, they have two of the worlds largest video games; Guitar Hero and World of Warcraft plus a beavy of new titles coming to stores in the near future (read: Starcraft 2 and Diablo 3).  They have 2 billion dollars in excess cash, their P/E is 15.50 and growth rate over 5 years has been 23%.  People should be loving this stock like a fat kid loves cake!

Even the Motley Fool has it listed as a 5 star caps rating and that is the summary of the unwashed masses (and a few washed ones).  Yet today they were just .15c off their 52-week low.  I don't know about you but I'm throwing money at this sucker while the throwing is good.  If SC2 and D3 are as good as I think they are, and they increase their expansion into the downloadable content market like they did for WOTLK their margin is going to decrease and the payouts to the retailers are going to lessen, thus making the bottom line look even better.  You can't go wrong with Guitar Hero and World of Warcraft.  Too bad they aren't giving a dividend.

On the flip side, my YGE bet seems to be paying off a bit, 16.29% on the upside today! and it finally busted thru the resistance it was seeing at 6$.  Now we just need WWE to start performing again and the future will be bright!