Regarding GRVY you seem to give up rather quickly
I've been in and out of GRVY from $3.50, so what I mean is I bought it about a year ago (because it was cheap, growing, and launching in China which I thought might double their revenue). Sales went down each Q since I bought, despite the China launch, and I communicated with IR about investor friendly use of cash. They said they are going to keep the cash inside the company. So.....maybe it works as an investment, maybe not, I really don't know.
Maybe sales are stable, maybe gonna grow, I don't know.
All that it has is low valuation and a nice profitable sexy segement (video games). Normally that would be enough, but ........ that has been the story for years, and it hasn't helped the share price in the past few years. |
