Seeking Alpha

Zynga +5.7%; UBS bullish following talk with CFO

  • After meeting with new CFO David Lee yesterday, UBS is upbeat about Zynga's (ZNGA) mid-term and long-term outlook.
  • UBS: "We believe our core investment case (improved bookings growth, margin leverage from growth/cost cuts, & greater mobile focus) remains intact, and we expect Zynga to remain a beat/raise story going forward."
  • Shares fell hard last Thursday following CEO Don Mattrick's BofA/Merrill conference talk. They currently go for just 2.1x 2014E sales and 1.7x 2015E sales exc. cash/investments.
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Comments (6)
  • LYogi
    , contributor
    Comments (2553) | Send Message
     
    looks like someone really wanted some cheap shares last week.
    10 Jun 2014, 12:33 PM Reply Like
  • romilar
    , contributor
    Comments (702) | Send Message
     
    I love it when the share price on a stock I hold, and intend to add to, drops because of speculative - opinionated chit chat.

     

    Long Z....Rom
    10 Jun 2014, 04:08 PM Reply Like
  • haleiwahu
    , contributor
    Comments (3739) | Send Message
     
    Z has been a very frustrating stock to figure out. Z seems to raise value without merit, then drop value for no reason.
    10 Jun 2014, 04:27 PM Reply Like
  • noChinesestock
    , contributor
    Comments (70) | Send Message
     
    I am not sure why so lot's of people still short Z,it's $3,not $5
    10 Jun 2014, 06:25 PM Reply Like
  • romilar
    , contributor
    Comments (702) | Send Message
     
    Haleiwahu, your comment sounds like the sum description of almost everything I have observed in the markets for the last several months. It's been the sidelines for me. Watching and waiting and asking myself, how does one successfully interact with a swarm of confused insects?.....Rom
    10 Jun 2014, 09:23 PM Reply Like
  • haleiwahu
    , contributor
    Comments (3739) | Send Message
     
    Rom - All the signs say turn left, so do we turn left? It seems all the signs are made by Manipulation Inc.
    15 Jun 2014, 05:04 PM Reply Like
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