"GLUU is a young company"
Give me a break. Nine years old is not young for a tech company. The opposite. It has done nothing for 4 years, revenue wise, and as for earnings, it has accumulated only losses to the tune of $221M.
Someone has to be extremely naive to think that a tiny company like Probability Plc (total annual revenue: around $10M), that has struggled for years in the gambling business, in two countries (UK and Italy) which have very few gamblers, would bring a magical and sudden path to wealth to a US company, GLUU, which is also very tiny.
Probability + Gullibility = Probagullibility
Def of probagullibility: Tendency of some investors to believe that a frog can become an ox by inflating its lungs.
"Aggressive behavior is a natural way with most all monkeys, a little more so in Rhesus Monkeys than other kinds of monkeys."
Conclusion: madmonkey is a Rhesus type of monkey.
At the end of June, after a two month correction that began in May for most stocks and the indexes, they all went up week after week. What have done GLUU? From a top of $5.90 at the end of June, it is went on its winter slide in full summer to now barely $4. And a new correction is going on for the rest of the market, it doesn't bode well for darling GLUU.
406M smartphones shipped in second quarter of 2012 globally, how much revenue for GLUU after 9 years of existence? Barely $90M forecast for the whole 2012 year, by using adjusting numbers! What a joke.
Get real, this company and its business is tiny, so tiny that you have to look at it with a magnifying glass to see it...
Excited? Impressed? Than you must be living in a basement for too long.
$221M deficit accumulated since inception.
A new relationship with a even tinier player in Europe, Probabilty PLC, also a big loser earnings wise.
Wake up and smell the coffee, game creators are eating money and will continue to do so for months and years to come. Mobile games take a lot of time to be created, but are tossed in the trash bin after few days or weeks of being played around,
Only the top management of these companies make tons of money, shareholders are always the big losers.
"Mobile gambling specialist Probability Plc (PBTY.L) on Monday said it has entered into a strategic relationship for mobile gambling with Glu Mobile Inc. (GLUU), a developer and publisher of freemium games for smartphone and tablet devices."
Probability with a market cap of $20M, with only losses to show, is in relationship with Gluu? The perfect match of two losers...
The chance? NIL.
Why? Their games suck, they would need to be in the best 10 most popular games to even think about being bought out. No chance.
Their games are like the stock price, good but suckers.
"Glu Mobile has posted annual loss for the past nine years, and analysts polled by FactSet expect another one in 2012."
There is no reason why this #$%$ GLUU can't accomplish another 9 years of losses!
If you own #$%$ Gluu, do like the company, consider your losses as "adjusted" and "non-Gaap" losses in your account! Keep smiling and pretend that each time the stock goes down, it makes you happy and you can buy at a lower price!
There must be some groupie on this board that can call Gluu-guru Niles, so he can call Bartoromo to plug #$%$ Gluu once again, for the tenth times over two years...
Like for so many apps, teenagers and drop outs, with lot of time to kill, are the ones making games that cost nothing to make and aimed at the mobile world. Companies like Zinga or Gluu have way too much overhead costs to be profitable and will constantly struggle to make any money.
For any investor, Gluu is a piece of crap, only good to glue in your losses-scrapbook.
Well, when you only have losses to offer to your shareholders for years...
Gosh I forgot, they forecast a bogus non-Gaap breakeven quarter sometime in December if all the planets in universe are aligned perfectly.
You can glue this Gluu crap in your scrapbook of losses.
What the management did will bring nothing whatsoever to improve their business. It was an arrogant stupid move that will fail shareholders badly on the long term. I promise you that your paltry .20 dividend will never compensate what you will continue to lose in capital invested.
When you have only one product, that you are threatened to see your revenue going down by managed pharmas, with high litigation fees on the road to defend your company, you don't go on tossing money around.
Do you really think that the company would come to a conference call to say negative things about the future of their products, or that Aetna is representative of what is coming with others? No.
Only time will tell if other firms will go along with Aetna. Perhaps Aetna is a specific case where the company wants to cut costs and Questcor is only part of their strategy.