This stock is up +100% in a few months and you are claiming genius...
You obviously know nothing about the company. Welcome to ignore as you provide 0 value.
I got my neighbor into this stock. He bought 30,000 shares at $2.75 and he SOLD when it dropped at $2.55. LOL - kicking himself when it went over $7 because his $6,000 loss would have been a $140,000 profit. He bought on margin and went into panic mode.
As of today, the KK game is as follows:
iOS #8 (+1 from yesterday) on the download list and #5 for grossing revenue
Android #32 on the download list and #10 for grossing revenue
MAC OS #4 on the download list and #20 for grossing revenue
I am surprised how popular it is on MAC OS considering it was just released. The MAC grossing revenue number will substantially increase as there is a delay in the number of downloads translating into revenue.
Anyone basing valuations of this stock solely based on 1 game are making a mistake. Deer Hunter was significant and they have many more games in the pipeline.
The CRIE purchase that is being called a mistake by many was a good purchase IMO. Their GaaS model compliments GLUU. They didn't just buy the racing game, they bought their IP, employees, and business model to incorporate into the company.
The float here is REALLY low and they have $0 debt. A few games such as KK that generates $1 Billion in annual revenue and these guys will be turning $2 EPS easy.
Holding 606 August 16th GLUU 5.50 calls - almost all of the volume on these today/this morning was me.
This could be HUGE if the CEO has a major announcement tonight.
The day it dropped hard on earnings, I put a heavy bet on a recovery. I picked up 400 August 16th GLU 5.50 call at an average of 45 each. The growth was overshadowed by the acquisition but that will soon change.
Their earnings/revenue has substantially improved in the last year. It was about 1 year ago that post GLUU will hit 1 Billion in revenue In 2015 which seemed ridiculously bullish, but with about $300 Million in 2014, they are only a few more blockbuster games away from it.
You're f***ed. This is going back to $680 tomorrow. It didnt even drop with a -300 Dow.
I bought the $685s puts on Monday (already $10 in the money) for $12 and they got all the way down to $6 yesterday. Sold them for breakeven today. It has support for sure.
I am also hearing rumors that CMG is getting into the cloud business. They are going to start offering their iBurrito smart phone to loyal customers and provide enough storage space for 10 frozen burritos with chips/salsa. Customers can just walk in, push a button, add toppings, and woolaa! Instant happiness.
$2000 is so overly pessimistic it's not even funny. It will split 4:1 and still hit $2000 by 2015. Their burritos are so yummy that it should head into Apple type valuations ($600 Billion or so).
I heard rumors that a burrito phone is on its way shortly. They are dubbing it 'the smart burrito'
CMG current Market Cap ~21 Billion
CMG annual revenue ~4 Billion (market cap over 4 times annual revenue)
CMG projected growth rate next 5 years 23%
CMG projected 2015 EPS 17.21
CMG projected 2015 P/E 39
MCD current Market Cap ~94 Billion
MCD annual revenue ~28 Billion (market cap over 3 times revenue)
MCD projected growth rate next 5 years 6%
MCD projected 2015 EPS 6.12
MCD projected 2015 P/E 15.5
Although it's easy to assume 23% growth will occur, you have to realize that represents 23% growth in sales. It is VERY expensive to deploy in other countries. A breakeven scenario is most likely worst case and flat EPS is most likely best case (using growing US profits to fund overseas expansion as is the case with NFLX today).
I would not say CMG is "way cheaper than MCD" as it is substantially more expensive but you are getting the growth and paying a massive premium for future expansion potential. The problem with that is, it's very expensive to expand.
If they execute flawlessly with expansion plans, over the next 5 years, it could very well see a $50B market cap. I am however very skeptical as I don't think the expansion will increase their EPS going forward.
I would not be Long or Short this stock at this level. I'd favor the short side as the overall market appears ready to ease into the end of the year.
Paid 12.50 per put. Total cost with commissions ~$31,400. Already $11 in the $$ so only $1.50 premium with the entire week to go is a bargain.
These should be north of $25 by weeks end.
You just never know man it was $173 on Monday. Anything is possible. If it traces back to where you're in the $$, I'll be kicking myself as at $170 my calls would have been $200,000!
Added another 1,000. Average price paid for this position is right under $35 long 2,000 shares.
I will not be buying anymore after looking at this anemic volume today.