Monday, November 30, 2015

Glu Mobile: Celebrity Theme Shows Encouraging Promise

  • Glu Mobile is a bargain trading below $3.50 even without a hit.
  • The celebrity games offer the promise for another big hit with several opportunities in the pipeline.
  • The surprising success of celebrity games over the Thanksgiving holiday should spark interest in the stock.



The prime reason my investment thesis on Glu Mobile (NASDAQ:GLUU) didn't change after the disappointing Q3 results was the upcoming lineup in celebrity games. The combination with the lower stock price offered a very compelling entry point considering the primary 2H games weren't released yet. The market though wasn't pleased with the delays of these games and indiscriminately sold the stock.

Read the full article on Seeking Alpha.


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



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