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AAAintheBeltway
Registered: Oct 2001
Posts: 14532 |
12-16-11 04:34 PM
Interesting action off the IPO.
The Fast Money crew like this one. Kind of a backdoor Facebook play, as they do the vast bulk of their business on Facebook.
Anyway, it's trading right at the IPO price, which is kind of surprising to me.
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AAAintheBeltway
Registered: Oct 2001
Posts: 14532 |
12-17-11 08:13 PM
I really missed on this one. I thought it would at least hold the issue price, but it didn't. Pretty embarrassing for the underwriters and the insiders who were selling.
The argument against it is that the company is valued at something like three times Electronic Arts, the biggest game developer. The counter is that ZNGA has a huge interactive social media presence that no competitors have and which they have barely begun to monetize.
It will be interesting to see how this plays out.
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S2007S
Registered: Aug 2006
Posts: 13835 |
01-10-12 02:48 AM
Zynga has had it greatest growth over the years it wasn't a public traded company, the time is to sell not buy, can zynga jump to $10 or $15 or $30 maybe, but long term growth is over for this company, once the social networking buzz fades and facebook is forgotten and millions start to leave the site for another social networking trend you will notice zynga losing a lot of those one time hard core gaming farmville fans they once had.
Lets see facebook growth is peaking out which means along with their growth peaking out zyngas growth will be peaking sometime in the next 12-24 months, so in reality this company will be lucky to even be worth over a Billion in the next 3-5 years. Growth is peaking in facebook and zynga....its a bit late to get into these names.
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S2007S
Registered: Aug 2006
Posts: 13835 |
01-10-12 02:50 AM
Quote from AAAintheBeltway:
Interesting action off the IPO.
The Fast Money crew like this one. Kind of a backdoor Facebook play, as they do the vast bulk of their business on Facebook.
Anyway, it's trading right at the IPO price, which is kind of surprising to me.
Once people start to leave facebook, which they will, zynga will lose millions of online players, how long can you play those games for, I have never even played any of those games, I have no clue why people are so interested in them. Wait I forgot I'm not even on facebook....
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