Earnings were fine, over time the share price will move higher if for nothing else the buyback will continue.
Rift was disappointing, but will lanuch again in Q3. Aion may turn out to be a blockbuster yet, albeit a slow motion one. Mobile is on fire, which will be a hugh contributer as the quarters roll on.
But the main reason the share price will work higher is the buyback is such a large portion of the float.
Over the last 12 months they knocked the float down from around 70M to 55M. If the share price stays under 4 they'll be above to pretty much buy it all back in just the next two years (if they really spend 100M a year).
My thinking is they'll just keep buying, and then go private when the share price does spike.
Remember they clear about 200M in free cash each year, and that's will flat revenue growth., so 100M a year
is easily doable.
GAME is going to move higher, but my belief is it will be a very boring move.