Video Game Specialist, on Sale

Activision Blizzard (Nasdaq: ATVI) has been having a rough year; it faces lawsuits alleging that it’s a hostile workplace, and it recently warned of delayed releases. The stock was recently down almost 40% from its 52week high, presenting an attractive entry point for long-term believers in the company.

There’s much to like about Activision Blizzard, which is one of the largest video game publishers in the world, with close to 400 million monthly active users. Its shift to a digital distribution strategy boosted profits over the past decade, and with 88% of its revenue coming from digital channels, it’s largely immune from supply chain problems.

The company’s Call of Duty franchise has sold over 400 million units since its debut 18 years ago.

Still, they’ll eventually be released, and the continued growth of video games worldwide seems assured. (The Motley Fool owns shares of and has recommended Activision Blizzard.)