Is CD Project the Phoenix among stocks?
CD Project (the Polish game developer) has become known in the past especially for The Witcher games. But since December 2020, the share has been falling steadily further and further. This is mainly due to the release debacle of cyberpunk 2077. Actually, this game was supposed to be revolutionary and break all records. The hype within the community was almost boundless. However, the game has been struggling with partly serious technical problems since its release. In addition, the company was also the victim of a hacker attack. Despite the many complaints, CD Project has already made a considerable amount of money with CP2077. Especially the figures of the Annual Report of 2020 anything but bad. Nevertheless, the damage to the company's image seems devastating. The share price doesn't seem to find a bottom at the moment, making it difficult to locate a suitable entry point. In the short term, I would therefore advise against an entry. In the long term, however, a suitable entry point for a first purchase could come soon. The Witcher games, in particular, are still selling particularly well years after release and are steadily bringing in money. Potential investors should therefore continue to follow the development of the game and accordingly wait for a suitable entry point.
CD Project (the Polish game developer) has become known in the past especially for The Witcher games. But since December 2020, the share has been falling steadily further and further. This is mainly due to the release debacle of cyberpunk 2077. Actually, this game was supposed to be revolutionary and break all records. The hype within the community was almost boundless. However, the game has been struggling with partly serious technical problems since its release. In addition, the company was also the victim of a hacker attack. Despite the many complaints, CD Project has already made a considerable amount of money with CP2077. Especially the figures of the Annual Report of 2020 anything but bad. Nevertheless, the damage to the company's image seems devastating. The share price doesn't seem to find a bottom at the moment, making it difficult to locate a suitable entry point. In the short term, I would therefore advise against an entry. In the long term, however, a suitable entry point for a first purchase could come soon. The Witcher games, in particular, are still selling particularly well years after release and are steadily bringing in money. Potential investors should therefore continue to follow the development of the game and accordingly wait for a suitable entry point.