Tuesday, May 19, 2015

Zynga: Stay Focused


Summary

  • Zynga continues making progress towards shifting to a mobile game developer.
  • The downshift in web game revenue is masking the progress made by the previous CEO.
  • The company remains attractive at these valuations based on strong financial assets and game franchises.
With all of the assets of Zynga (NASDAQ:ZNGA), the biggest fear is a lack of focus at the game developer that slowly burns the cash balance. The company has spent the last few years building up new game categories and switching CEOs to only end up back in the same place.

Read the full article on Seeking Alpha.


Disclosure: Long ZNGA. Please review the disclaimer page for more details. 



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