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Glu Mobile, Inc. Message Board

  • johnnyutah1443 johnnyutah1443 Oct 10, 2012 2:57 PM Flag


    Glu hit their guidance

    Still a buy among all analysts covering it.

    Still a terrific growth story (year over year) and company turnaround

    Mobile and tablet market still growing at a staggering rate in the US and Abroad

    Mobile Advertising will follow

    Apple and Google will begin to take over the living room soon, and they’ll bring their app stores. Big catalyst.

    Now a value story (180m Market cap with no debt)

    Buyout more likely at these levels. Longstanding relationship with Activation

    Market over reaction lead by short interest, profit taking, Zynga, fear. Two awful days in the market couldn’t have helped.

    They would have crushed all estimates with one hit in the top 20 grossing for the quarter. I think it’s a great long term indicator that they were able to hit their target revenue without it. They’ve built a solid franchise of games that are consistently in the top 200 grossing.

    Possible near term catalysts:

    1) Zynga highlights mobile growth on their conference call. They’ve had their strongest quarter in the top grossing on IOS.

    2) Google highlights strong app store revenue growth on their conference call

    Sentiment: Buy

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