You must be very tied in - how do you hear through the "grapevine"? Are you loading up on NQ shares? Mortgaging the house?
Haven't looked at the company in quite a while. I see that it is one of the very few companies that still trades below its IPO price. It was orginally thought to be an earnings powerhouse, but quickly became a disappointment. Decent cash flow, but still no dividend being paid. I'm sure that many shareholders would welcome the company being bought out at $28.
Though NetEase (NTES) soundly beat Q3 revenue estimates thanks to the solid performance of several games, the company's aggressive spending - opex rose 23% Y/Y - took a toll on EPS. Rival Perfect World can sympathize.
R&D spend (41% of opex) rose 28% Y/Y as NetEase invests heavily in developing upcoming titles such as first-person shooter Crisis 2015 and fantasy MMORPG Revelation. G&A spend (15% of opex) rose 25%, while sles/marketing spend (45% of opex) rose a moderate 9%, in spite of major promotional spend for new titles Heroes of Three Kingdoms and Dragon Sword.
Online gaming revenue (89% of total revenue) rose 21% Y/Y, thanks in part to strong activity for both the PC and mobile versions of Fantasy Westward Journey II, and a new version of Westward Journey Online II.
not bad after all!!
Agree - oustanding quarter - those who read into the dip into the $6's are now sorry that they didn't buy big. I'm holding all shares and will consider buying more if there's not a big pop toda.
Also getting tired of KIT2680 and his worthless waste of bandwidth on this board.
Last quarter, there was no positive movement, but then earnings and revenues beat and there was an optimistic forecast - expect the same. Don't view the current weakness as a reason to step aside and watch.