Out Fox The $treet

The new celebrity game is a big hit even prior to the official release. The Kendall & Kylie game brings an additional game into the celebrity theme to test the ability to incrementally grow the concept. Based on initial success, Glu Mobile is on pace to smash Q1 guidance. After the failed release of the Katy Perry Pop game, Glu Mobile (NASDAQ: GLUU ) sank an incredible amount. The stock fell all the way to a low of $1.98 with the recent market selloff, but my recommendation remained firm that large opportunities existed for a big rebound. Read the full article on Seeking Alpha.  Disclosure: Long GLUU. Please review the disclaimer page for more details. 

Glu Mobile is a bargain trading below $3.50 even without a hit. The celebrity games offer the promise for another big hit with several opportunities in the pipeline. The surprising success of celebrity games over the Thanksgiving holiday should spark interest in the stock. The prime reason my investment thesis on Glu Mobile (NASDAQ: GLUU ) didn't change after the disappointing Q3 results was the upcoming lineup in celebrity games. The combination with the lower stock price offered a very compelling entry point considering the primary 2H games weren't released yet. The market though wasn't pleased with the delays of these games and indiscriminately sold the stock. Read the full article on Seeking Alpha. Disclosure: Long GLUU. Please review the disclaimer page for more details.