I posted saying how can a stock trading less than book valued? Look at book values for AAPL GOOG and thousands stocks in the market. ZNGA deserves to be much much higher especially they have very great plan ahead of them.
Nope, it won't. Though i'd LOVE to be wrong. This is preliminary and is not an actually gambling license, this preliminary process can take 12-18 months to complete. The UK stuff would come in prior to Zynga do online gambling in the US, even Nevada. With this said it is a good step and it looks like they may actually be moving in the right direction.
Hmmm, it was acceptable to IPO at $10 and hyped above $15 and yet a clear indication that ZNGA has the balance sheet, partnerships, audience, and clear intent to be a global leader in online gambling at it should trade at 55 cents above cash and $5.00 is unrealistic ... I strongly disagree ... to me $2.30 is simply ridiculous