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Zynga, Inc. Message Board

  • blueskydriving blueskydriving Apr 16, 2013 8:28 AM Flag

    Cash and Real Estate closer to $2.68 per share

     

    Zynga began their buyback in early December ... at the end of December they had $188 million of buyback remaining ... they likely completed the buyback in early Jan at an average cost of $2.60 per share

    Since free cash flow is postive, the cash levely likely remained unchanged over the quarter (cash built used to buyback shares) ... that would leave the cash level at $1.65 Billion ... the value of the San Francisco headquarters building was $233 million but California real estate has appreciated 25% in the past quarter ... but, let's us 10% to be conservative ($256 million) ... the results would be 710 million shares outstanding and $1.90 Billion in cash and real esate ... or, $2.68 per share ... we are trading today at .58 above cash and real esate ... we are a profitable tech company that just launched an online casino in the UK and have plans to participate in real money gambling in "every regulated market in the world" and we are trading at .58 above cash and real estate ... good luck to all

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