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Perfect World Co., Ltd. (PWRD) Message Board

  • peregrinearchery peregrinearchery Aug 27, 2012 8:19 PM Flag

    It will drop again next quarter

    Just so you all know. Sell now and let the longtermers like me hold this for five years.

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    • Good answers, we'll go with $6.10 cash.. does make me want to buy more shares but I'll wait til we get closer to the year end. I don't trust the markets right now but I do think pwrd has reached a bottom type level here and $20+ will come in the next 18 months.

      Good Luck!

    • Also Deferred revenue for a company like PWRD isn't really "offsetting" their assets like Cash. It costs PWRD nothing to deliver items to their customers. Players are essentially purchasing digital currency from PWRD and waiting to spend it. It's not like when they spend that digital currency PWRD has to record any cost associated with it.

    • Look at the latest Earnings report for the balance sheet ended June 30, 2012.

      Under Current assets:
      Cash/Cash Equivalents: $151,747,929
      Restricted Cash: $187,676,020
      Short-term investments: $132,477,629

      Subtract $183,186,148 for the Short-term bank loan, you have $288,715,430 in Cash. That's ~$6.10 a share in CASH. This is NOT counting the following other Assets which are similar to cash:

      Equity Investments $35M
      Time Deposits: $33M
      Restricted Time Deposits: $21M

      If you add in these cash like items, you have ~$8 in cash.

      This is CASH.

      Bought at $9.60 originally. Bought more at $10.50. Haven't sold yet. My exit price is ~$20-$25.

    • Why dont you be quite already! you deon warwick or something? you reading the future? all in all its a good investment at that price, any other company would have dropped much more on those earnings..

      • 1 Reply to TAREK307
      • Hello.

        This is trading at its liquidation value.

        Cash rich company with no debt ( they have debt but they have a bond in holding to pay it all off).

        At the bottom of the revenue and earnings cycle they are making $2 per share profit ( 5 PE / 1 PE if you back out cash).

        Huge new game roll outs about to come out with many to quickly follow.

        You want to own them when the revenues are growing and we should see that next quarter.

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