Tuesday, December 14, 2004


"Cuzzin" Bill Miller built a large position in ERTS, Electronic Arts, a video game company while I sat and watched it go up. Yesterday, an article in Money magazine reported that Bill still owns ERTS. ERTS announced yesterday that they have signed an exclusive deal with the NFL.

The stock is high. It trades at a 53% premium to the S&P, according to a report by JP Morgan. JP just upgraded the stock to a buy. It is tough to buy stocks that are at risk of bankruptcy or in the case of ERTS to buy a stock that has gone up 400% in a few years.

This morning greed may have gotten a hold of me. Anyway, we bought shares in a monitored account. Wish us luck. The game business is very strong but it will take solid growth to make the stock price fair.