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MarketBeat
MarketBeat
Dan Schmidt

Is Take-Two Interactive the Last Pure-Play Gaming Stock?

European video game developer UbiSoft Entertainment (OTCMKTS: UBSFY) saw its stock plummet last week following a wave of cancellations, most notably of the "Prince of Persia: Sands of Time Remake."

UbiSoft cancelled six games in total and announced a major business reset to shrink its studio count, causing the stock to drop more than 30% in just three days. With Ubisoft in trouble and Electronic Arts Inc. (NASDAQ: EA) soon to become a private entity under the Saudi Public Investment Fund (PIF), Take-Two Interactive Software Inc. (NASDAQ: TTWO) might be the last pure gaming stock left on U.S. exchanges. But does that make it a buy?

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