What investments are you referring to? They're not investing into advertising or new games with any success. They may be spending cash on research and development, but that isn't going so well as evidenced by E&A, LT and NFLSD. So, if their cash was used to purchase AAPL at $90/shr and they sold at $130/shr, then yes their investment is paying off. I agree with fox on this one. They could have 10 billion in cash, but if they're not using it to make the company and shareholders profitable, what good does that do us? None of us are listed as Pincus or Zynga beneficiaries.
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Actually they have made a fortune with that cash. Look at the results of their investing.
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Gypsy Frank, the proprietor and bar tender, was the very best. They don't make bona fide dives like The 21 Club anymore. When Frank shuts the joint down, it's the end of a grand era. I'm sure the New Age techies will now disinfect and transform the entire neighborhood into some facsimile of Disneyland, and with clean rest rooms to boot. After all, Twitter headquarters is just a hop,skip, and jump away. You can't stop progress. My solution is a simple but difficult one-- just stop drinking entirely and give my liver and kidneys a break. Yes, I suffer from the Irish virus with a smattering of Norwegian influence. I want to be stone sober when the stock market completely unravels come this fall and ZNGA trades below $1.99. It's a slight miracle not to taste a drop of booze for five consecutive days, which is where I'm presently at. "It's easy to stop. I do it every day." Alcoholism is cunning, baffling, powerful, and extremely patient. It took so many good and gifted men down to the gutter. Somehow, we can't function in the real world and require a sense of ease and comfort not afforded by Farmville, Version 2. So many were good friends of mine, and now gone. Yes, I must remain on good behavior this weekend. It's the annual raft trip down the South Fork of the American River on Sunday. Big Rapids , Baby! Not for Girlie Men or anyone with a hangover. No booze. No green herb. No pills. A nearly natural high with a few morning cigarettes. Better than the stock market. Damn near better than good sex with China Girl. Meanwhile, the tide rolls in and out, and time marches on.
Sentiment: Strong Sell
I agree... I think they should wisely invest the money in Lottery tickets or take the cash and send it all to the shareholders.. then when they need money they can just start up the printing presses and issue more magic money.. anyone that keeps money in the bank is plain stupid.... idiots pay off there homes, smart people borrow borrow borrow borrow....
Better, although it doesn't make a lick of sense on why we're up 4% today and we lost lost 2 cents when the markets skyrocketed the last two days. That still concerns me. No clarity. But, yes, I feel better today. Thanks
If I had not bought another stock on the market pull back buying more zynga at near 2.20 would of been a steal!
Well i I believe they will and are just waiting for the right entry point and opportunity. Don did not like the idea of gambling and I believe Mark does. One of the reasons Don was out
Fox, just imagine when that big money starts bailing out. They buy millions not pennies/dimes like us. Even 50 cents profit on millions would fetch them a lot. Mass Exodus and ZNGA falls back in 2.10-2.20 range..possibly lower before next earnings.
Cash in the balance sheet does not make money. It's dead money losing opportunity value because it is being hoarded to support asset value but it's not contributing to growth or investor future value. With the high stock multiple, investors expect growth not stagnation. I do see some positive from the market in that institutional funds own 80% of the float. Big money has an interest in this for now.