Calls
1
u/Harmieh
Reddit r/ValueInvesting
Win Rate
100.0%
return
+0.2%
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Ticker
Side
Mentions
First Call
Call Price
P&L
Thesis
Theme
Source
Long
May 16
$242.44
+0.2%
Rockstar spends $2-3.4B on GTA VI, 4-10x more than any competitor, creating a quality moat that has produced GTA V ($1B/year for 13 years) and RDR2. The market values TTWO at 26x FY27 consensus EPS (~$300), but the historical normalized P/E is 40.8x. If GTA VI delivers platform-like recurring revenue, comparable to Roblox/Tencent, the multiple expansion to 40x gives a range of $370-400. Long TTWO to capture a rerating from 26x to 40x+ as the market recognizes the moat from spend, not just content. Author plans to trim at catalyst peak but hold core position for platform validation. GTA VI launch delay, underwhelming sales/online monetization, broader market multiple compression, competitor spending escalation, regulatory hurdles on in-game purchases.
Rockstar spends $2-3.4B on GTA VI, 4-10x more than any competitor, creating a quality moat that has produced GTA V ($1B/year for 13 years) and RDR2. The market values TTWO at 26x FY27 consensus EPS (~$300), but the historical normalized P/E is 40.8x. If GTA VI delivers platform-like recurring revenue, comparable to Roblox/Tencent, the multiple expansion to 40x gives a range of $370-400. Long TTWO to capture a rerating from 26x to 40x+ as the market recognizes the moat from spend, not just content. Author plans to trim at catalyst peak but hold core position for platform validation. GTA VI launch delay, underwhelming sales/online monetization, broader market multiple compression, competitor spending escalation, regulatory hurdles on in-game purchases.
Gaming & Entertainment
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u/Harmieh has 1 trade ideas tracked on Buzzberg across 1 tickers since May 2026. Most covered: TTWO.
