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What are people's thoughts on the King Digital Entertainment (KING) IPO?
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Candy Crush sucks compared to Clash of Clans. Thats what I think about this IPO. -
Ridiculously overly optimistic.What are people's thoughts on the King Digital Entertainment (KING) IPO?Comment
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Their main problem is that they only have one main game generating all their income and don't have a proven track record that they can create more. I would say it's a risky investment.Comment
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So how is Zynga doing? They were also a one hit wonder game producer that IPO'd at $8 or something? I would check the current price of that before paying $19 for candy crush.Comment
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Zynga is down by 54.7% since their IPO. You can verify with their ticker ZNGA if you wish, but yeah, it's a losing bet unless you went short. Had a nice initial uptick for a while but it's gone now.
KING has surprisingly recovered a bit since their IPO with their current losses standing at 13.3%. However, the trading volume is non-existent so I would still avoid this but that's just me.Comment
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I think this is the danger with one hit wonders: http://online.wsj.com/articles/rovio...alf-1398679133Comment
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Can anyone explain why King is down 15% when it just reported profit of $127 million for the first quarter?Comment
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1. They earned 154 million last quarterOriginally posted by altcur View Post
2. Candy Crush (their biggest game) went from 78% of the revenue stream to 66% (that means their big game is loosing steam)
If they have a big new hit it could be a strong buy, if they dont it will continue to fall. I've been watching it, but I am not a buyer yet. I need to hear something that makes me think its gonna pop! Just my .02Comment
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