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