Is It Time to Buy Ubisoft? [The Motley Fool]
UBISOFT ENTMT UNSP/ADR (UBSFY)
NASDAQ:AMEX Investor Relations:
ubisoft.com/en-us/company/investor_center/index.aspx
Company Research
Source: The Motley Fool
Is It Time to Buy Ubisoft? The French video game maker Ubisoft Entertainment ( OTC:UBSFY Apparently this reputation has caught up with it, because the premiere of its new Tom Clancy shooter, Ghost Recon Breakpoint Image source: Getty Images. While this is certainly bad news for Ubisoft in the short term, the company is using it as an opportunity to give itself more time to perfect its future offerings. It has announced it is delaying the release of three major titles ( Rainbow Six Quarantine Gods & Monsters Watch Dogs: Legion The stock took a major hit on the news. Ubisoft had to drastically cut its sales projections for its current fiscal year: Revenue estimates were slashed by a third, and profit estimates were hit by almost 90%. Trading in the stock was briefly halted on the Paris exchange when the news broke. After it resumed, Ubisoft lost about 6% of its valuation; over $ billion in market cap disappeared. So far, 09 has been very disappointing -- shares of its American depositar
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