To: stuffbug who wrote (74252 ) 11/15/2023 7:02:50 AM From: Elroy Respond to GRVY is highly dependent on revenue from its Ragnarok Online gaming series. If popularity wanes, bye-bye profits. Although Gravity is launching their titles in other countries, gamers can be very fickle. Q3 total revenues declined by 26.3% vs Q2. Company plans to use cash hoard to purchase additional titles. Stock price is likely to reward intermediate term traders who can call the turns. Pure speculation on your part. This is like saying someone who can buy low and sell high will make money. Duh. My theory on GRVY is that it is SOOOO cheap, and business seems OK if not quite good, that they can generate enough cash in a year or two to push the shares at least $20 higher. And if the stock somehow attracts a normal US investor base that values equities normally, then GRVY can easily triple. I don't know if GRVY management will do anything to try to earn a normal valuation, but if they do, the runway to a higher share price (say......an 8x PE) is easy.
