Glu missed big time on Q4 earnings. Taking a look at the Google Play store I see they've got two games at positions 160 and 223 in the "top grossing" listing of the store.
At first glance, I'm thinking this stocks going to dip somewhere around $3 in the near future.
It looks like they've got new leadership, with a ground up built development team, and a deal for a Disney licensed game in the works.
If this game takes off like their previous hits, GLUU should be in for a roughly 50% jump by the end of the year.
It does worry me that Disney has moved to licensing titles vs developing games, however.
At first glance, I'm thinking this stocks going to dip somewhere around $3 in the near future.
It looks like they've got new leadership, with a ground up built development team, and a deal for a Disney licensed game in the works.
If this game takes off like their previous hits, GLUU should be in for a roughly 50% jump by the end of the year.
It does worry me that Disney has moved to licensing titles vs developing games, however.
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