What investments are you referring to? They're not investing into advertising or new games with any success. They may be spending cash on research and development, but that isn't going so well as evidenced by E&A, LT and NFLSD. So, if their cash was used to purchase AAPL at $90/shr and they sold at $130/shr, then yes their investment is paying off. I agree with fox on this one. They could have 10 billion in cash, but if they're not using it to make the company and shareholders profitable, what good does that do us? None of us are listed as Pincus or Zynga beneficiaries.
Better, although it doesn't make a lick of sense on why we're up 4% today and we lost lost 2 cents when the markets skyrocketed the last two days. That still concerns me. No clarity. But, yes, I feel better today. Thanks
I don't understand how even the most optimistic cheerleaders on this message can stay positive. The DOW went up almost 900 points and the NAZ flew as well in last two days, and ZNGA lost 2 cents. I should taken my losses on ZNGA and bought GLUU yesterday at noon Pacific when it hit $4.02/shr. I'm a du mass.
Another great day in the markets. GLUU up 16 cents and we are fighting to stay a penny green. Shameful.
All indices hugely green, and ZNGA's not. It's a daily fight to stay sideways with this stock. At the risk of being redundant again, weekends are the only good trading days for ZNGA stock.
I understand the sell off is across the board, all indices are red. But a 2 dollar stock shouldn't drop over 3% on no bad news. ZNGA pps has dropped 20% in 6 weeks.This stock ruins my week, every week.
Yet many on this board are boasting about big funds buying in. Until DOT and the success of it, ZNGA is on a downward trajectory. We're seeing lower lows (not new 52 week lows), but the floor keeps dropping. It's almost as if most on this board are getting immune to it and it's the new normal.
It seems like day after day it's a fight to tread water with this stock. Forget about trying to keep our heads above water and hoping for a positive day. If it turns green one day of the week, it falls or goes sideways the other four days of the week. I've been saying forever that the only respite from the pps dropping is on the weekends. They have 1 billion cash and no debt, but please remind me how that helps our pps?
Indices are green, mobile gaming is green and ZNGA is red. And, not by just a penny or two. Different day same ....
KING is basically the one big game. I'm surprised it got that far ahead of itself. Today's action is typical Zynga, nothing to drive us newsworthy wise. We go up on really no news and down on no news. I'm averaged for my 25K shares @ $2.95. I break even, I'm out.
No, I'm not bragging about GLUU because I don't own any shares of GLUU. My point being that competitors aren't waiting around for Zynga to bring their games to market. Although I'm thinking about selling my 25K shares of ZNGA and buying GLUU. I like their lineup and I think they low balled their outlook at their earnings cc. I am going to go back over their cc today to look at their DAU and MAU numbers. That will help influence my decision. We know that Zynga user numbers have fallen. BTW if bighalloween is correct about Zynga dropping NFLSD, I wasn't aware of it. I know they've cut ties with Woods, but I thought NFLSD was still an active game with no plans of discontinuing it.
GLUU has a new NFL game out that looks like fun. So now Zynga has taken so long with NFLSD to make it a quality game, it's gone nowhere. If they don't move faster, the competition will have a DOT type game out before Znyga's game comes to market. I'm not sure how a small company like GLUU can develop and bring quality money making games to market so much faster than Zynga. Zynga has too many employees creating too many layers. We are off the lows of $2.40 last week which is great to see, but I'm not sure why other than some institutional buying, and a small beat at earnings. Still no news and no advertising.
Several months ago we had a discussion about the amount of new games being released by Zynga this year and their time frames. You were correct and I was way off on the number of games coming out. I thought it would be much less than they've released so far. But, I did say that I thought DOT was going to come out at the end of the year, if at all in 2015. I think it was fox that said, they're in no hurry to move fast with a fat balance sheet. It that may prove to be a fatal flaw. Too much competition that's hungry now.
I posted right after earnings came out that according to Thomson Reuters consensus, Zynga matched eps loss of a penny and beat on revs. I did also say that I thought Pincus would low ball on forecast. I also stated my opinion that Pincus would low ball days ago. I likened him to Bobby Kotic CEO of ATVI. Low forecast to lower the bar. I didn't hear the cc so I asked what was said about the launch time frame of DOT, advertising and more exposure from the company in the way of news and progress to increase DAU's and MAU's. I received that none of the above was going to happen except for the lowered forecast on player use and bookings. Lack of advertising is what's holding this pps down, evidenced by the drop in DAU's and MAU's. BTW, all of the new cheerleaders that haven't a clue on this thread have been blocked.
BTW, where did all of the new cheerleaders come from? They're exploding with garbage calling the regular longs bashers and newbies. They're ecstatic with falling user numbers, mediocre games and near a 52 week low pps. Where do they come from? I just knew the pps action over the last few weeks was a prelude to this type of earnings and forecast.
I didn't listen to the cc. Did Pincus or anyone talk about future advertising, any plans for more exposure for E&A or when DOT will go globally and their PR strategy for that game? Anything positive for outlook or did Pincus low ball for next quarter as usual? I called that two days ago on the board. Hoping I would be wrong.
The ask is huge. It will be interesting to see after the cc if the seller's that sold into earnings were right. I'm very concerned we're going to get beat up badly after the close. Then what's the next mantra, there's always 2016 or DOT will save us from the one dollar pps range?
MPEL missed badly today and they're up a buck. GLUU got clobbered Tues. and then came back some yesterday and they're up today. Zynga goes down every day, every day. The pps is 25 cents off it's all time low. I'm not being factious when I ask, when was the last time Zynga management made a major announcement that was positive?