Cash on hand $1.72 per share
Revenue per share $2.01
Book value $2.38
The company is making money.
The stock is trading at book value.
For a potentially explosive growth stock, this is no brainer!
check stock MDBX, it went from $2 to $200 in a matter of weeks, the reason behind it is legalized marijuana, people found the stock has something to do with it; now ZNGA, when online gambling is legalized and people start to chase onlin gambling stock, ZNGA could go to $20.
Sentiment: Strong Buy
Balance sheet fur 2011 shows no cash on hand. splain dat!! bung-dung-ho-kai!!
Sentiment: Strong Sell
blieviam wrote: "Balance sheet fur 2011 shows no cash on hand. splain dat!! bung-dung-ho-kai!!"
If what you wrote were true, then the company got $1.70 cash per share in 2012.
Sentiment: Strong Buy
Good Post...ZNGA could also be a buyout candidate for a company wanting to get into online gaming!
Patience is key. Those willing to wait will be rewarded.
Sentiment: Buy
This pull back has something to do with some hedge fund closing and redemption. It will be over this week
Sentiment: Strong Buy
Obviously, some funds have been doing WINDOW DRESSING.
It is a great opportunity for individual investors to get cheap shares.
With intrinsic value support(book value $2.38) + company share buying back, there is little downside risk, but HUGE upside potential with LEGALIZED ONLINE GAMBLING.
There will also SIGNIFICANT January effects for this severely beaten down stock, I am adding to my position everyday, look for $3 to $5 in January
Sentiment: Strong Buy
December 18, 2012 03:42 PM
(By Lelio Vrancovich) It is almost 2013, and in a few weeks 2012 will be a thing of the past. It's hard to believe it has come and gone so quickly. Unfortunately, I don't have high hopes for the incoming year. I think it will be more of the same: high unemployment, more government deficits, and more euro crisis.
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As far as stocks, I have two recommendations. One of them is Diana Containerships (DCIX
: 5.91, 0.05), a container shipping company. In my opinion, the company is well capitalized and pays a healthy dividend. Given how awful the business is right now, I believe that DCIX will survive the downturn and once things get better the dividend should increase along with the stock price.
My other recommendation is online game developer Zynga (ZNGA
: 2.39, -0.06). The company has a massive cash stockpile and has a business that breaks even. In my opinion, the company could tweak its strategy and triple in price. I realize it sounds insane, but ZNGA was a $15 stock not that long ago.
Sentiment: Strong Buy