Bosanac wrote on Jul 11, 2012, 11:22:
I don't get it.. Blizzard is a cash cow.. COD is a cash cow. Why call it liability?
Investors value business growth over business size.
A company that made 1 million last year and 10 million this year, is WAY more attractive than a company that made 100 million every year for the last N years.
Growth lets investors multiply their money.
Steady earnings just let you skim off some dividends.
Hence they can treat an extremely profitable "steady" business like it's worthless dirt.
-scheherazade