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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks

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To: Jurgis Bekepuris who wrote (1479)11/15/2011 12:45:51 PM
From: MCsweet  Read Replies (2) of 1931
 
Jurgis,

You are the computer and games expert, right? Any thoughts on GRVY's latest quarter? It looked ok to me, but I didn't see an update on Raganarok 2, which seemed strange.

At $1.20, it seems like a true Graham net-net play to me, profitable with lots of cash. You don't find those in the US anymore. Of course there is going to be some hair on it, otherwise it wouldn't be a net-net.

Being in Korea increases risk somewhat, not that I don't the trust numbers (like with China). It is more that I don't trust management to take "no brainer" actions to help shareholders, like use some of the cash buyback stock or pay a dividend.

MC
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