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Showing posts from May, 2019

Glu Mobile: Huge Overreaction To Guidance

Glu Mobile plunges despite solid Q1 numbers and 2019 bookings. The company forecasts Q2 bookings of $101 million that would be a new company record. The stock is insanely cheap at under 3x 2020 revenue forecasts. A lot of times the initial reaction to earnings results are wrong. In the case of theQ1 resultsforGlu Mobile(GLUU), the initial selloff is clearly a stock market misguided by the interpretation of the crucial bookings guidance. The stock remains incredibly cheap as the company boosted guidance. Read the full article on Seeking Alpha.  More commentary - WhoTrades Disclosure: Long GLUU. Please read the disclaimer page for more details.