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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 the Q1 results for Glu 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. 
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Disclosure: Long GLUU. Please read the disclaimer page for more details. 


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