This Beaten-Down Tech Stock Could Pop
Ubisoft (OTC: UBSFY) is a France-based video game publisher that's responsible for hit gaming series like Assassin's Creed, Ghost Recon, Far Cry, and Rainbow Six. Facing a weakening of some of its core franchises, release delays, and challenging comparisons to periods when pandemic-related social distancing and shelter-in-place conditions helped power surging engagement, the company and its stock have admittedly been posting disappointing performance as of late. After big pullbacks, Ubisoft stock looks quite cheap at current prices as it has the resources to bounce back and deliver big wins over the long term.
But there's another reason why I'm loading up on the stock. I almost never invest in a company with the expectation that it will be acquired, but the potential for Ubisoft to be bought out has been a significant factor in my decision to buy more shares lately. Here's why.
Image source: Getty Images.
Source Fool.com
