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Bank of America Corporation Message Board

dianakibsion 1 post  |  Last Activity: Nov 17, 2014 8:35 AM Member since: Mar 28, 2011
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  • Huge upside and great investment for value investors. New Seekingalpha article " tells all..."GigaMedia Ltd: CEO Recently Bought 365,000 Shares And Guided For 30% Revenue Growth"

    Go to seekingalpha site and search for GIGM ...it's the top story.

    Highlights:

    GIGM CEO filed October 28 that he purchased 365,000 shares of common stock becoming the largest % insider buy of any CEO of a Chinese public company trading in.

    The company plans to launch six new games products during 4Q 2014: four new mobile games, one MMO, and one social games platform.

    Management expects 4Q 2014 revenues to increase 20-30 percent to approximately $3.0 million to $3.5 million, boosted by new game products and a small increase in cloud revenues.

    Total revenues and gross margins are expected to grow substantially starting in 4Q 2014 and continuing into 2015 and beyond due to the combination of: 1) expanding and capitalizing opportunities in several new Asian regions thus increasing addressable markets by at least 10-fold, 2) shifting away from products licensed by other developers towards self-developed products (social casino platforms, mobile games and MMOs)..

    GigaMedia Ltd. Finished 3Q 2014 with cash and cash equivalents, restricted cash, marketable securities-current, and the market value of GigaMedia's holdings of a listed game company as of September 30, 2014 totaled approximately $80.4 million, or approximately $1.47/share. Discounting $19 million in debt, the net cash/share results in $1.1/share, or 10% higher than the current share price.

    I see $2+ after upcoming "January Effect" because new games will be announced staring next week. Don't miss the boat!!

BAC
17.62+0.0900(+0.51%)Dec 19 4:04 PMEST

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