Monday, May 4, 2015

Glu Mobile: Will The Rally Last This Time?


Summary

  • Glu Mobile beat Q1'15 expectations.
  • The company continues building on numerous franchises providing more repeatable revenue.
  • Revenue growth in 2015 isn't based on a big hit.
  • Glu Mobile has several upside catalysts including the Tencent deal and a slew of games producing a unexpected hit.
  On the surface, the rally in Glu Mobile (NASDAQ:GLUU) appears eerily similar to last year. Within a short-time period, the mobile-game developer quickly rallied from around the $3.50 range to the $7 range. In reality, the move this time is vastly different and based on more consistent results.


 Read the full article on Seeking Alpha.


 Disclosure: Long GLUU.  Please read the disclaimer page for more details.

No comments: