Jonathon, Let me make a point in return, No one knows what any internet stock valuation should be! Valuations rise and fall sometimes moving from sector to sector, Right now the Internet Gaming stocks have been showing some decent signs of life (last 3-4 months).
RENT may be a profitable company. But I imagine that they, as well as GLOW, have intense competition (REEL, AMZN and many others), I imagine that because of that competition, their margins are not very high.
The Internet Gaming sector is a very profitable sector, there is a lot of competition out there and GLOW's current management is doing their best right now to make sure that GLOW is one of the top companies. I cannot guarantee that the turnaround that GARY has undertaken will be successful, but, I for one like what I see. I, and I'm sure many others would like to see things occur faster, but, when one has to deal with Attorney's and Accountants you have to be prepared to work on their schedules, unless of course you are large enough to have them on your staff, which I don't believe that any of the gaming stocks have.
For a company that never had revenues previously and has only recently started earning money, I call that a turnaround, if it's successful we will all be very happy, if it's not we will not be happy.
This is my opinion, my opinion should be valuable to me and me alone, as should yours be your guiding light.
EVERYONE SHOULD MAKE THEIR OWN DECISIONS BASED ON THEIR OWN DD. We each have to live with the decisions we make.
jjbucci |
