Glu Mobile, Inc. (NASDAQ:GLUU)
CAPS Rating:
The Company is a global publisher of mobile games. It creates games and related applications based on third-party licensed brands and other intellectual property.
The Company is a global publisher of mobile games. It creates games and related applications based on third-party licensed brands and other intellectual property.
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Recs
severely undervalued at this level.
Compare GLUU to JamDat when they got bought out in Feb '06. Financials are extremely close to each other, and JamDat got bought out for ~750M. Using this type of comparison GLUU should be trading around $20.00. Take a look at the old JamDat filings
Bought in the real world at $5 - believe this one is a strong probability of a double within two years independent of the broader markets - thanks for the background on JamDat