A gaming company cannot survive on one game alone. KING has one game, Candy Crush, and a number of other very similar games. Zynga has Farmville and Farmville2. Draw Something and Words with Friends failed the longevity test. Hopefully, Golf and NFL will help. Glu, on the other hand, has a series of games, each different from the other. And the new games are also appealing to different audiences. KKH, Baseball and now Fishing. Together they give strength to Glu's bottom line. But Glu has an eye to the future. It has been the leader in 3D games and is taking this to Facebook's Oculus Drift VR. VR will be a $1.06 billion business by 2018, about two years out. And then there is Bee Cave, Killz and RMG in the UK.
You can play Glu for the short term gains and losses, but going long will be very beneficial. I like how Glu is run. I like its future. As hopeful200 points out supply and demand is very much a part of the equation. At the moment people are considering their next move. As we cross over into September we will see a "demand" with the purchasing of Glu's stock. And that demand will increase into the CC, and then to the end of the year and into 2015. Glu is a solid company with a solid future.
palawanislands, your numbers are staggering me a bit. On your other post you have $133 mil for the quarter. This seems a bit high. $100 mil I can just get my arms around. And yes, Glu is normally conservative with numbers. Better to promise less and surprise then too much and disappoint. Given this, I was thinking Glu would come in around $95 to $100 on the high side. So, let's say it's around $100, what effect would this have on share value? Right now, today, I think Glu's price has flatten. It might drift up or down but not much. But, going into September to the end of the month I see Glu moving up. Also, one last thing, in that short interview with de Masi he seemed to emphasis the point that the last 18 quarters have each seen an increase over the previous quarter. With wishful thinking reading between the lines I got the sense he was letting us know this will be true again with this coming quarter and we will be pleasantly surprised. What are your thoughts? Thanks.
BTW, check out the HIMX board. Really well run. Nearly every post has something to offer. Very little use of thumbs, and when used usually green. Just one or two bad posters. I get the feeling they are on ignore.
It could just possibly be everyone at Glu is working overtime making the company even stronger. They have to be crunching the numbers with Baseball and KKH as well as developing and releasing new games. I don't think there will be a buyout, at least not in the near future.
Hey oilman. First, you did a nice job with Karen. Have no idea why she is in the cross hairs other than she is an easy target. I'm certain your post went a long way with her.
Just told Hopeful200 to ignore the thumb business. Yeah, I know, you're thick skinned. Still, these boards would do better without them.
Good for you with HIMX! Man, I bought that puppy a few months ago when it was $7.50 only to see it drop. Oh well, much happier today. They are calling for it to touch $14. Sweet. Facebook Glu and Himax are all in front of the curve with VR. A $1 billion business in two! This will be bigger than the mobile cross over.
Anyway, I like your posts. Continue keeping us up to date. Thanks.
Man, what a long day. Too much running around before the weekend.
Hopeful200, I like reading your posts and am sorry there is a thumbs down. Don't pay attention to them. I got into it when someone dragged me over the coals because I made a subtle comment on michelle_michelle's posts. Thumbs were flying all over the place, green and red. Even oilman got some thumbs down just posting to Karen. Ignore them. You're doing fine.
If you have time I have two posts you might want to read. One is verbatim an article by Tech News. Near the top of page two. My post is: Tech News: Glu Mobile. And, I simply copied, adding nothing, and got thumbs down. Go figure. The other is on page 3 called Facebook Oculus Rift and VR. Glu and Himax are working with Facebook and others on VR. No surprise thumbs down with this one too.
After reading both articles, Accesswire & Tech News, I have even more confidence with Glu and even HIMX. And your posts do draw attention to the shorts and the turn around coming for Glu. Forget the thumbs and keep posting. Thanks!
HIMX is up over 5% @ $8.16. It was at $5.87 last week of July. Its gain in 30 days is 35%. I post this for those with a moral conscience and don't want to profit off of Ferguson's suffering. Of course, Glu is the smart buy.
Shares of Glu Mobile have earned a consensus recommendation of "Buy" from the 11 analysts that are presently covering the stock. 3 investment analysts have rated the stock with a hold recommendation, 6 have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $6.72. On 21 August, Glu Mobile shares fell- 3.93% and was closed at $4.89 GLUU EPS growth in last 5 year was 40.10% Glu Mobile year to date performance is 26.03%.
Just like you gave us a heads up Glu would drop to $4.50 or lower. And the next day a heads up that Glu would be at $6. And the next day Glu would tank.
Personally, I cannot justify making a profit off the suffering and sadness in Ferguson. Plenty of suffering in the mid east. Must be huge profits there...
What a wonderful idea! Let's profit off the suffering in Ferguson!
Of course, for the same money you could invest in a company like Himax (HIMX) It has been as high as $15 and currently trades in mid $7's. They are collaborating with Facebook's VR, and have a key roll with Google Glass and smart watches. But sadly, no one being shot or beaten.
Hey michelle, change the channel. FOX ain't the only program out there.
d2invite, what you have articulated is exactly what I've been saying. This is Glu's year. And, keep in mind, 18 quarters in a row Glu's numbers have improved. The only part I would disagree with would be a company acquiring Glu. But I've also said, only game companies buy other game companies. And I have expressed a concern about EA. EA states, "We are doubling down getting in to mobile." I would like to see Glu and EA become partners instead EA snatching Glu up. Of course, as someone posted, Glu is the furthest thing from EA's mind. Who knows. Still, we are in a very exciting time with Glu. The day to day can be a headache, but the big picture is HD perfect!
Thanks for the input. Did you read the article in Accesswire about Facebook and VR? I made a post about it. If you haven't, go to Accesswire and check the article. A very strong take on Glu. Thanks again, Speculator
Doesn't matter, you've got it covered. You say it will reach $6 on Friday. You say it will drop to $4.50 or lower on Friday. Thanks.
Speculator, I like your analogy "The stock is acting wounded." And I agree there is a chance it will linger in the upper $4's. It's pennies, I know, but my hope has been no lower than $4.65. If it drops I will collect some more. Any thoughts about the run to the Q3 report? I feel it will move up, but I am concerned after the CC profit taking will bring it down.
Just read on the HIMX board Chardan Capital Markets has raised its price target on HIMX to $14. Himax closed today at $7.76, up 5 cents.
I was glad to see the article mentioned Glu has been doing 3-D for several years now. Looks like they'll have the jump on the competition. VR will be fun! Take a look at Himax. They're also involved with Google Glass and smart watches.