Not to be caught in semantics, but I agree, we are on the ground floor. Before this moment Glu struggled with establishing games and managing overhead. This is the first year Glu has had no debt. And, a solid profit line is building. So, in a sense this is the ground floor. The past was spent building the foundation.
As for a one hit wonder; KKH can't last forever. No game does. But, Glu has other games that bring money in. Deer Hunter has been around for sometime and continues to attract an audience. It is also my hope Glu's new low remain around the $5 mark.
I think many of us, the pros and cons, will have much to evaluate after the next CC.
Glu has done a good job of introducing games that are well received. And yes, they do take pride in what they do. Glu is known to hold off a release if they aren't completely happy with the game. I'll check the interview out. Thanks for the info.
It's hard to ignore the Glu Management Team when each quarter for the last 18 quarters in a row has been better than the last. And all those quarters are coming together for an impressive cc in October/November.
After the cc I sold off the balance of my shares, about 7K. At one time I had a little over 21K. I am certain Z will make a solid comeback, but I fear the share price will be fluctuating. Many believe this is a bargain price for Z, and it may be. But I feel a greater profit is to be made with Glu in the next 2 1/2 months. I do plan to buyback in to Z sometime in January or so. Bottom line, it's all a crapshoot.
Ludwig sold some shares, but that alone would not impact the stock. Glu is a volatile stock. Its rise and fall would happen on rumors more than an exec selling off shares. Well, unless it was a huge amount of shares. Officers sell cause they have a large holding and they want some money. Glu paid $100 mil for Cie. Most of that payment was stocks. Add to this the meltdown of KING and the on going problems with Zynga and investors get a bit spooked. Zynga got some attention today because of its low price. By the afternoon Glu came well off the low of $5.01. Keep in mind, Glu is in uncharted waters. Normally when it's been over $5 it drops down to the mid $3's. It now looks as though the new bottom is around $5. And seeing $7 is almost a given by or before the next cc. I'm top heavy with Glu and yet I have money on hold to buy more shares. I'm not happy I missed the $5.01 price. Bottom line, Glu will drift up and down for the next few weeks, but it is going higher.
Whether it passes KKH or not it dropping a chunk of change to Glu's bottom line. More money, more money, more money. The next cc will be interesting.
Speculating I'd say yesterday's drop was an indirect cause related to KING. Today the markets opened down. The nasdaq has been moving up this afternoon and so to with Glu, coming off its low of $5.01. (And boy!, was that a bargain price!) Of course, mgibbons is probably right, "...it's glu, it doesn't need a reason." Or, another way to look at it, "Forget about it. It's Chinatown."
At EA Don served as the president of Worldwide Studios. No CEO, but no slouch position either. Was at EA for 15 years.
Bestinvestor, I don't get it. I just took a look at your 3 pages of posts, and though none of us are perfect, you were far better at articulating your thoughts than these last two posts. "Slingshot," "unthinkable," why? If you have something, post it.
I predict Thursday will follow Wednesday! What day is it today? And what was yesterday? How about that. I'm right! Told you so...
Also, Inside Mobile Apps reports: "50% of smartphone users spends close to 200 hours per year playing games." Will add, the real number one thing people use their smartphones and tablets for is checking the weather. But that takes, what, 15 seconds???
KING had over $250 mil from other games. Also, Farmville and Candy Crush had long runs in the market. KKH is still new. Some day KKH will fade. Hopefully there will be other games to pick up the slack. But Glu ain't resting on the KKH fame. They see the future. Bottom line, KKH will fade, it's a given. But that wont happen next week or next month.
This is true. Sometimes it's forgotten the other revenue streams. But, Candy Crush has been their main game and it got crushed by Kim K.H. Zynga is best known for Farmville even though they have other games. Glu has been known, in passing, for Deer Hunter. Kim KH has become their Candy Crush/Farmville.
It was reported yesterday that the number one activity for all smartphones and tablets is playing mobile games. This is over texting, emailing, web surfing or placing a call. Mobile gaming. So, no matter what the markets think of mobile game companies there is a huge market to be had. This sector is just evolving. The landscape will change year after year. I think Glu is in tune with this. Okay, done with my Glu cheerleading for the day.
Keep in mind, since June 25 Glu is up 42%. When this quarter ends the last day of September Glu will have big money to report just from KKH alone. Then factor in the other games. For the next couple of weeks Glu will be drifting up and down. But more "up" is coming...way up.