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Sky-mobi +7.9% on bullish Rosenblatt coverage

Feb. 26, 2015 10:18 AM ETSky-mobi Limited (MOBI) StockMOBIBy: Eric Jhonsa, SA News Editor5 Comments
  • Declaring the company to be "a hidden treasure in China's small-cap mobile Internet market," Rosenblatt Securities has launched coverage on Sky-mobi (NASDAQ:MOBI) with a Buy rating and $10 target.
  • Rosenblatt observes the Chinese mobile game publisher is still growing at a 50%+ Y/Y clip, has $3.50/share in net cash (compares with a share price of ~$4.00), and is generating positive operating cash flow.
  • Shares trade at a fraction of a 52-week high of $12.69 (set 11 months ago). Q4 results arrive on March 9.

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