I'm in at $9.00. |
I know to some I'm a boob and to others, just a balloon head. I'm as bullish as most (so far), but this is classic turnaround stuff and WS may consider current earnings more credible than future earnings. As a turnaround, big money may wait one or two extra Q's than expected. Also, Q4 (fall season) is what really matters in revenues, and product returns can't be counted until Q1.
My guess is an extra buck, then two, three, etc., at every continuous Q report of stronger eps.
Things look good, but IMO $15 may come a little slower than some suggest. Finally, software and games is a highly volatile business, and a lot of things could still go wrong.