Down nearly 20% since April... Someone really ought to pick this one up on the cheap.
Last month I was hopeful that GameLoft’s addition to the EnterNext Tech 40 Index would get them a bit of recognition and their stock would finally start to show some real positive traction. I was hopeful that they might even return to their 2013 valuation of nearly 2x their current valuation. Unfortunately, GameLoft appears to have returned to soft trading with low volume as shown in their recent down trend (if you can call it that). IMHO, they have failed their shareholders by not making the company a household name in the same way that Activision and Electronic Art have. I am hopeful that a few quarters of solid earnings growth will turn things around but I believe part of the problem lies in lack luster European investors and lack of visibility on the American stock exchange. IMHO, two ways of turning things around include: 1) listing directly on either the NASDAQ or NYSE, 2) selling the company to one of the top three content providers (Apple, Google or Microsoft). Personally I think that they would have enormous potential if they listed here in America. They’d get much more name recognition as many financial analysts and others started to follow them. With a little help, an improving and stronger stock price could go a long ways towards adding and retaining top talent. Hopefully that is the path that they eventually decide to go, yet I suspect that their low market cap makes them an ideal acquisition target for any of the big three should they decide to go on a content acquiring spree. Hmm, if that happened I suppose even Disney might be a potential suitor as we all know that Disney has a sweet spot for quality content providers.
IMHO, they should take a close look at GameLoft. The company has tons of content for iOS (and Android and Windows and several more platforms...) When it comes to content for phones and tablets, GameLoft is to handhelds what Activision and Electronic Arts are to gaming consoles. IMHO, GameLoft has failed their shareholders because in spite of their best efforts they are not a household name. A company like Apple or Google or Microsoft would know what to do with their library of content and how to get the name out there. IMHO, GameLoft's market cap of 380 million euros is dirt cheap when compared to the content they've created and the worldwide network that they've built. A company like Apple should consider picking them up and turning them into something great and Apple has the Euros to make it happen.
That is a question that I'm starting to float today because I'm a shareholder. Content is King! I see lot of potential, I see that much of their operations are in North America, I see that they have lots of content, I see that they have internationalized much of their content... BUT... They aren't directly listed on the NASDAQ so their stock flounders on the EuroNext and shows now sign of strength (in spite of an excellent quarter). IMHO, a much larger company like Google, Apple, Microsoft or even Amazon could do plenty with all of their content and perhaps event turn their company into a household name; similar to Activision or Electronic Arts. Their market cap is right around $415 Mil which is extremely small when compared to what Google paid for Nest and some of their other great investments.
At under $500 million the company has a rather large library of applications that have already been ported to many international languages. One rarely sees so much content for so little. Unfortunately they have given up updating some of their top applications for the Windows phone due to lack of paying customers. IMHO, Microsoft should purchase this great little company and compel them to update all of their apps for the Windows phone and perhaps even for the next Windows PC OS... FYI, I could see any of the top App stores trying to take out GameLoft for many reasons. Companies like Apple, Google and even Amazon love to control content; where else can you buy so much content today for so little?
This stock looks like it flatlined at 76c
Has there been anything said this year that screams now is the time to invest
Or has there been anything said this year that screams now is the time to run
Or has there been anything said this year that gives investors hope
Or has there been anything said this year that gives shorts hope
IMHO, today's drop could be selling pressure caused by smaller insiders; especially the ones who didn't participate in last month's secondary. You folks are going to shoot yourself in the foot if you keep this up. The best way to sell stock is to set your targets high and use limit orders. If a bunch of insiders try to dump at market then they will cause the price to fall. Once you set a body in motion it is tough to change it's momentum without an outside force... Your next earnings report is still awhile away so be careful.... PLEASE USE LIMIT ORDERS!
Whereas many have soared to infinity and beyond
What the heck is wrong with the company
Is the Internet-of-things for real
If so then Insiders should be buying hand over fist and letting investors know that they aren't the only ones that think so
Alternatively the company could go on a buying spree and buy back a ton of stock
Regardless, management shouldn't accept another share from the board until they turn this around
InvenSense is becoming synonmyous with garbage in the portfolio; it current has a stink to it.
The interesting thing about this lockup is that many of the insiders that one might worry about sold shares in a secondary back on April 10th and they are probably stuck in a new lockup period that lasts anywhere from 90 to 180 days... Of course, one would have to dig through SEC filings to find the exact period of time but I was able to find indication that the secondary is likely under terms of another lockup. When they sold into the secondary they set a new resistance level of $30.96 per share because that is what underwriters and the market priced the stock at in early April.