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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (35988)	11/20/2009 12:40:16 PM
From: Grantcw	Respond to of 78609

Hello Jurgis, I think we're in agreement on MMO sequels. Maybe the time to sell GRVY would be on any run higher near the official Ragnarok 2 release? Gravity's execution leaves much to be desired. That being said: 1) They have more cash than Market Value right now 2) Price Per Share of ~$1.5 with $0.22 EPS made over the last 9 months. So, the fact that they still made money despite their bad execution, the KRW/JPY recent rise, and the bad economy in general, gives me hope that there is money to be made here even if the bad execution continues. That being said, I'm not looking for this company to turn into a huge multi-bagger, but just based on #1 and #2 above, I would hope a run up to ~$4 could happen sometime in the next few years. We'll see... Thanks, cw