Has anyone spent time taking a close look at this company? I’m especially curious if anyone particularly loves/hates this at $67/share

Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. I know they to have a very loyal customer following.

Over the past 6 months, the stock has traded down approximately 30% from $100/share. Given a history of +5-10% revenue growth, and over $3.5/share of cash flow, this seems potentially quite attractive

Reasons for the sell-off that I can see: 1) Sexual harassment lawsuit and claims of unequal gender pay; 2) delays around Overwatch and Diablo IV making for a lengthier period before the next revenue growth acceleration

$3.5 / $67 = +5% yield. Assuming no multiple expansion, 5-10% growth results in 10-15% IRRs on a multi year basis.

In terms of multiples, the company has treaded 20-30x cash flow historically. If the multiple improves from its current ~20x, that’s incremental return from there

Appreciate any and all thoughts, especially those who can make a good argument for why this is a terrible investment!