<Bad news abound? Good reason for buying the stock now>
From my stock value calculation, it has the potential to go up to 50~60 dollars.
The recent announcement of Diablo M by Blizzard business segment:
Lots of core fans of Diablo franchise expressed their huge disappointments over Diablo M.
Bad news for core Blizzard game users
but good for stock investors since it now entered a new phase of cashing in with PC to mobile conversion of legendary game. As a gamer who loved Diablo, I would say RIP to Diablo as we all know, but whether or not it might turn out to be a failure, it is a move that's worth a try anyway.
Now is the time to think from a perspective that when things are going worse, it might signal the stock is near the bottom.
Activision segment is doing well and King too.
Now the stock plunge might be from Chinese factor (They put a hold on gaming industry's growth)
Overall,
In 2~3 year time frame, the stock will pay you good profit.