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King Digital: Be Patient

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  • King Digital continues to struggle to repeat the success of mega-hit Candy Crush Saga.
  • Though the stock offers an attractive value, it isn't likely to traded positively until the negative trends reverse.
  • Investors should patiently watch the stock for a better entry point and ignore the market that value doesn't exist in the mobile-game sector.
The mobile game industry continues to get a bad rap. The latest quarterly results from King Digital Entertainment (NYSE:KING) only seem to enhance that negative perception. What the market really misses is that stocks like King Digital and Zynga (NASDAQ:ZNGA) went public after a hit game or two spurred incredibly high valuations and revenues that weren't sustainable in the short run.

Read the full article on Seeking Alpha.


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




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