Stock price when the opinion was issued
Video game publisher. He likes entertainment as a theme because in periods of economic uncertainty, it becomes clear how much value you can get from streaming. Crown jewel is Rockstar Games. Makes 10/10 games almost every time. We're about a year away from Grand Theft Auto 6, which could be the biggest entertainment property ever. Upside on pricing and # of units sold.
Trades at 30x PE. His price target is $340. No dividend.
It rallied from $10 to $100. This is a great sector. It has gone through this transition over the last number of years. Now you buy extra weapons and tools on line with real money. He does not think it is over yet. He would average his way into something like this. He owns three of these in a basket. He would buy any of the three. It has a PE of 25 but is a highly predictable business model.