ZNGA is selling at 90% of cash as of 6/30/12 and also ownes a new corporate headquarters property valued at $233 million.Now is the time to load-up. Any postive announcement will spike the stock price quickly.
Book value less of intangibles is about 1.5BSo, with about 750m shares, znga's intangibles (I.e it's current games, pipeline of games and it's employees) are valued at about $500m
670M of current liabilities
$442,790 of current liabilities represent deferred revenues as of 6/30/12
so how come the insiders are not buying here? probably still a good short
Most insiders have stock options. If I would the company, I would announce a buy back program and also start a prize program to play games....trip to Europe, etc.