Glu Mobile reported strong Q1 bookings and increased guidance for the year.
The new CEO is correctly focused on building live operations for existing platform games to further reduce the need for a mega hit.
The stock remains extremely cheap despite a recent 30% surge in price.
The recent Q1 results for Glu Mobile (NASDAQ:GLUU) were a huge departure from past quarterly reports. The new CEO actually delivered on smashing booking forecasts without having a mega hit for a one-time bump to results making my investment thesis for buying the stock at $2.