No matter how you look at the results gigm has improved on all financial metrics.The bottom of the business cycle ended in 2014 and the hard work will payoff for shareholders for the next few years. They had a few technical problems in the release of games last quarter and the release of these new games in q1 and q2 should start to move the needle on the revenue side with little operating or capex increase on that front. They have continued to work towards us partnerships for new games and social / casino platform and their team I anticipate to close a few with all the chatter in multiple press releases .
While these reasons seem enough to warrant a big move up on their own, the cloud business grew fourfold in the quarter and there is no reason not to expect this to continue.
One thing is certain!! This stock will break 52 week highs within 6 weeks after release of q1 and insiders can finally resume buying shares. They have been in a blackout period for months. Get more shares now because we have all seen this play out before and 2 bucks is coming soon. Also, has anyone looked the price action in gamania lately? We could make a pretty penny off that investment also. Good luck all