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Strategies & Market Trends : Value Investing

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From: Elroy	11/10/2025 7:34:56 AM
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I'm not recommending this one, but it does look like a "value stock"! I was checking to see which companies report today, and there's one called Double Down Interactive (DDI). "What's that?" I wondered. So I read their previous earnings release. It's another South Korean online gaming company (GRVY?). They do gambling, and some other stuff. Market cap is $430m stock price $8.71. There's this sentence is the Q2 earnings release: "We ended the second quarter with an aggregate net cash position of approximately $444 million, or approximately $8.96 per ADS." They had $20m net income last quarter. What the hell are these cash rich, high profit, zero enterprise Korean online gaming stocks? Why doesn't private equity buy these guys, sell the business to someone, and keep the cash?

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