Long or short todays PPS is a gift if your short get out and dont be greedy, if your long add or stay strong. IMO Z has way to many catalyst that are pending not to be scared, but more see to favor the upside from here.
1) Nevada should be getting back to Z about a license soon,
2) They could buy announce a buyout of something for alot cheaper than 180M and add more to revenues for the rest of the year,
3) Z can have a buyout offer at anytime and have their own cash used to finance their buyout.
4) FB can announce RMG w/ Z in the UK at anytime.
5) They have $1.60/share in cash right now
Gift of garbage.
EPS: Negative (-0.16)
Profit margin: Negative (-16.35)
EBITDA: Very low 96.3
Intrinsic Value of stock: Negative (-6.70) based upon earnings, debt and 17.5% future growth rate.
Farmville is obsolete and no one is interested in playing ZINGA Poker.
Soon Facebook will need their share of 30% on sales.
Wait for a couple of months and this garbage will be available in truck loads for a buck.
Use your head, SELL THE SH1T AND MOVE ON
All of those values value do not reflect 2 things
1) Any shares that get bought back result in Profits or losses being spilt by fewer shares.
2) The values do not include an assumption of revenues from newly launched games including RMG in the UK and any other future launches this year. (That 17.5% growth rate isn't enough to account for new game launches that represent 29% of Marketcap for this company)
EPS = Wrong, after adjustments, listen to the CC for why they adjusted lower.
Profit Margin = Just changed with announcement of layoffs, that means better margins
EBITDA = Positive instead of expected negative
Intrinsic Value of stock = Doesn't take into account the likelyhood of a Federal Online Poker Bill getting passed.
FB = Z has already made moves to separate their dependence on FB and to their own platform. Making FB a paid lead list of potential paying Z customers at higher margins,
I have time to wait thats why i'm long but I don't think its realistic pay nothing above cash for a company that has something that makes money today and has the ability to make expectantly more later.
Actually VP Davis just bought 350K shares yesterday! But I think more layoffs are still to come, Z doesn't need thousands of Employees to do the same thing, there was overlap in the company and MP has been cutting the fat before it became an issue. He is being proactive, to me this is a good milestone in a company that in a turn around, tough decisions have to be made and MP is making them.
As for the coding with driod, you have a valid point but i'd rather delay a launch of a game that doesn't work properly to keep the user experience intact and make sure the product makes as much money as possible when it is introduced and afterwards.