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

To: Spekulatius who wrote (36421)	1/11/2010 11:44:06 PM
From: Jurgis Bekepuris	Respond to of 78673

Computer games are notoriously difficult business that requires more and more capital and does not guarantee any lasting success. Blizzard's Word of Warcraft is almost the only long-lasting great money cow in recent history and even their numbers are quite low (ROE, etc.). Chinese game companies may be doing better somehow, but I really wonder why I have positions in GRVY and ALIF. :) I sold out of SNDA on their GAME spinoff and sold GAME when I discovered that my calculations on it were off. I made good money on SNDA.

To: Spekulatius who wrote (36421)	1/11/2010 11:52:14 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78673

Macro piece on Chine (bearish) Ghist: Claims that the boom in China is fueled by a bubble of Capex , RE investments that is unsustainable. They do make a pretty good case that bad things may happen there. pivotcapital.com

To: Spekulatius who wrote (36421)	1/12/2010 10:35:44 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78673

Game/gaming stocks. Fwiw, I made some changes to my holdings in that sector. For now, I've given up on lottery makers, and am out. Also, out of ERTS and GME. GME, down near lows may be a buy-and-try again for me. It may be a value stock. I still hold ALIF - I like it for its mobile (iPhone) apps and that 3M has taken a small piece of the company. I started an exploratory position in casino owner, PENN: I like it for its geographical diversity, cash position, price-to-stated book value, and recent regional legal approvals for slots/table games and PENN's possibilities with that.