Pair Trade: Long Capcom, Short Square Enix - Why Superior Game Design Doesn't Guarantee Superior Returns
<p>Capcom and Square Enix both sit on storied franchises and deep IP, but for investors the distinction between a great game company and a great investment can be material. This trade pairs a long position in Capcom with a short in Square Enix to capture valuation divergence, monetization strength, and differing capital allocation profiles. The pai…