Thank you amgirouard for posting the Jana link. No doubt, when this comes out the stock will drop. Jana didn't just reduce their stake, they unloaded! And they did this before the RMG in US announcment. My guess is an 8-10% drop when this hits. I will back the truck up on the dip.
I still have faith, only small % of portfolio. Looking for buyout or strong partnership in next couple of quarters. My average price around $3.00, been buying last 7months. If it drops I might add. To much cash and seems to be holding $3.00 even with sale of $25mil. But it definitely explains why we haven't gone up. Maybe ZNGA will use some of that buyback money to keep it above $3.00. I like the fact that they are trimming the fat. Thinking they are also shareholders and are managing company in the best interest of the shareholders.