KongZhong (KONG) is an enticing name for speculation that has a lot of mobile and online growth potential over the next several years, but the company has just begun its phase of growth in an unpredictable market that leaves us asking more questions than being sure of anything. With lots of potential, speculative investors should take note. For more conservative investors or even growth investors, KONG still has much to prove.
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The story for KongZhong is the company's changing makeup from a WVAS, 2G mobile entertainment provider to a smartphone and online game developer. We believe this move is smart and does give the company some potential moving forward, but the issue...