Opinions
Benj Gallander
Gravity Co. Ltd.
GRVY-Q
TOP PICK
Dec 14, 2012
Stock price when the opinion was issued
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This is a games company and are waiting for the next hit. In the meantime, they are bleeding cash. Just reported a loss of another couple of million dollars. Have a tremendous amount of money in the bank, over $40 million and about a $1.50 a share in cash. So it is trading at less than cash value, but they are having all kinds of difficulties because they can’t find that new game.
This is a Korean company that is in the gaming business. At one point they were very successful. They have a lot of money in the bank and revenues are coming down. They need the next big game. Sold his holdings for a tax loss. It didn’t meet the standards that he had set and it wasn’t moving in the right direction.
Games maker out of South Korea. Gives you geographical diversification. Lost a bit of money this past quarter but has $50 million in cash ($1.75 a share) and no debt. Coming out with new games for the English market as well as another game for Asia. Looking for at least a double.