Jam City: Cheap, Ignored, Yet Unproven
Jam City agreed to a business combination with the DPCM Capital SPAC. The mobile game developer is combining with Ludia to build a business targeting 2022 bookings at $868 million. The deal only has an enterprise value of $1.2 billion, placing the SPAC combination far below the multiples of established public stocks. This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » After a period of SPAC stocks overheating, the sector is now ripe with cheap deals in the works. One such deal is the business combination of DPCM Capital ( XPOA ) and Jam City announced back on May 20. The mobile game developer is in ultimate growth mode, yet the market has mostly ignored the deal with the SPAC now trading below $10 providing a cheap entry point for new investors. Update - July 23 Guessing the struggles with the $ MYPS SPAC has $ XPOA deciding to take a different path with the stock trading ...