Seeking Alpha
  • Paulo Santos
    Buying a bit of ZNGA here at $2.84, will explain later.
    8/1/12
    Reply (5)
    • chrisbrenner: Cash per share?
      8/1/12
    • Paulo Santos: It's 74% of the capitalization now, so entire gaming business is worth $531 million
      8/1/12
    • Paulo Santos: That's simply too little, amazed if someone doesn't make a move for it, though it can always trade lower.
      8/1/12
    • Paulo Santos: The gaming business has revenues over $1 billion per year, and the P&L actually overstated costs, because it accounted for ZSU's at $11.67
      8/1/12
    • Paulo Santos: While the stock now languishes at $2.76, so those ZSUs turned out to be worth less than $3 each.
      8/1/12