Listen, I've read all your "words of warning and wisdom" about ZNGA ... but, let's get to the point ... "We" are not the longs that paid $15 for a company that makes places where you can pretend you're a farmer or a chef or a clay monster ... that's what Zynga was ... and, the fact is Zynga did nothing to deserve the 80% drop of shareprice ... afterall, they have 6 of the top 10 games on FB ... everyone that paid above $10 knew the FB terms, business model, and future guidance ... the fact is Wall Street set them up from the beginning ... ZNGA should have never been a $15 stock ... Wall Street had their fun with the IPO and the hype then the big short ... and now we are here, trading at roughly cash ... and, although I thank you for the IPO, We are not those longs ... We are the longs paying $2.30 per share for a company with a billion+ in cash on the verge of a new solid business model ... We are the longs buying into a company with a solid balance sheet, the partnerships, and the audience to bring online gaming into the mainstream ... We are the New Longs
Sentiment: Strong Buy
Where are the partnerships ? bwin ? Any NEW revenues from that partrnership to report ?Nnew business model ? What would that be ? RMG that hasn't even generated a penny in the U.S.
A billion in cash from what ? The " Wall Street " set up ( your term ) to sell those hyped and overpriced shares to unsuspecting investors. You are proud of that ? You rave constantly about the cash. Ill gotten as far as I am concerned.SAD on your part.
I am sure if you had been one of the thousands and thousands of innocent people burned you would have a totally different opinion.
Update ... "We" are the New Longs that doubled our position at $2.22 and will continue to add during this relentless sell off ... much of which is tax related and sure to benefit from the January Effect ... now trading at .54 above cash ... and will be profitable next year (and that is without online gambling revenue)
Nobody plays these games unless there free..Now where are they going to sell them on....Twitter..LMAO.............. GEt out now before you loose your shirt and underwear
Sentiment: Strong Sell
Look at the most recent 10-Q:
Cash $394 million
Marketable Securities $929 million
Total Cash and Marketable Securities: $1.323 billion
Cash equivalents and short-term and long-term marketable securities, consisting of money market funds, U.S. government and government agency debt securities, municipal securities and corporate debt securities, are carried at fair value, which is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between knowledgeable and willing market participants.
Sentiment: Strong Buy