Has anyone looked at King's history? It is a good story with good management. Three games in the top ten. Profitable for the last seven years.Forward P/E less than ten, and the money and talent to continue creating.
Sentiment: Strong Buy
They ARE different doing much more with fewer staff. Malmo is a great place. My rough estimates Q1 comparison: 2014 Revenues most likely in excess of $600M compared to $200M in 2013. Quarterly EPS in range of 60 c vs less than 15 c in 2013. TTM EPS of $2.20 Look for significant PPS increase when earnings are released. All imo
you fail to realize how pumped this stock IPOd at.
Total Cash (mrq): 408.70M
Total Cash Per Share (mrq): 1.29
Revenue (ttm): 1.88B
Revenue Per Share (ttm): 6.17
Should be trading somewhere closer to $6.17 (1 x revenue) due to such little cash and assets.
Would you pay 6B for 400M cash and a 1.8B revenue? I don't think so
I would consider closer to 2B evaluation.
KING should have IPOd at $7
corrupt market makers. This isn't a FaceBook story, people will lose here
Sentiment: Strong Sell
Exactly. Bashers act as if Candy Crush is a fluke. Candy Crush won't be the top game forever, but King has the proven abilities to create more winning games. Mobile gaming is in the 1st inning; plenty of growth and opportunity ahead for King.
Correct Thomas....how many IPO's have a PE under 10??? I'll guess less than 5%....maybe KING will use some of those funds to buy back shares....I wouldn't be shocked if they did! GL
I appreciate your feedback. I trade for a living and I have learned the hard way to do my research before the buy. I will continue to buy King and improve my DCA. I will never understand responses that concentrate more on name calling than DD
absolutely bot remark friends, how many games are worth billions? How is Blizzard doing these days. Hanging about 20 a share, been around for 20 years and finally with this market bull bull at all time highs. ya you nut jobas are toast if you buy into this