- Glu Mobile easily surpassed Q4 estimates despite the Katy Perry game flopping.
- Sustaining games and new investments provide a huge opportunity going forward.
- The valuation of the stock is already pricing in further game failures not supported by beta tests.
Glu Mobile's (NASDAQ:GLUU) Q4 earnings release and conference call were filled with unanswered questions and promising opportunities. The most immediate takeaway was that the stock overshot on the pessimism with the drop to $2 and is surging over 30% following the news.
Read the full article on Seeking Alpha.
Disclosure: Long GLUU. Please review the disclaimer page for more details.