A Hedge Fund Staple Just Got Really Ripe [View article]
What a terrible article. Here are a few obvious errors that would have been avoided if the author had done any research on the company:
1. GIGM is not based in Singapore. 2. The stock dropped Friday because one of the main analysts following it significantly decreased earnings estimates. 3. The company is not a pure-play Asian games company. Most of its revenues come from Everest gaming (online poker and online casinos), which are based in Europe, not Asia. 4. Revenue was basically flat last quarter, and is expected to be flat for at least another quarter.
I"m long GIGM and would like people to buy. But not based on terrible information like this article contains.
A Hedge Fund Staple Just Got Really Ripe [View article]
1. GIGM is not based in Singapore.
2. The stock dropped Friday because one of the main analysts following it significantly decreased earnings estimates.
3. The company is not a pure-play Asian games company. Most of its revenues come from Everest gaming (online poker and online casinos), which are based in Europe, not Asia.
4. Revenue was basically flat last quarter, and is expected to be flat for at least another quarter.
I"m long GIGM and would like people to buy. But not based on terrible information like this article contains.
Earnings Power Stocks for 2009 [View article]