GLUU

Glu Mobile Inc

TMT, Consumer


Presented:07/09/2015
Price:$6.07
Cap:$0.73B
Current Price:$12.50
Cap:$2.20B

Presented

Date07/09/2015
Price$6.07
Market Cap$0.73B
Ent Value$0.66B
P/E Ratio71.1x
Book Value$1.63
Div YieldN/A
Shares O/S120.33M
Ave Daily Vol3,790,000
Short Int11.93%

Current

Price$12.50
Market Cap$2.20B
Glu Mobile Inc. develops, publishes, and markets a portfolio of games for the smartphones and tablet devices users. The company offers free-to-play action, casual, racing, and sports genre mobile games. It creates games based on its own brands, including Blood & Glory, Contract Killer, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, Heroes of Destiny, Racing Rivals, and Tap Sports: Baseball, as well as based on third-party licensed brands, such as Kim Kardashian: Hollywood, Robocop: The Official Game, and Hercules: The Official Game. Glu Mobile Inc. markets, sells, and distributes its games primarily through direct-to-consumer digital storefronts worldwide. The company was formerly known as Sorrent, Inc. and changed its name to Glu Mobile Inc. in May 2005. Glu Mobile Inc. was incorporated in 2001 and is headquartered in San Francisco, California.

Publicly traded companies mentioned herein: Glu Mobile (GLUU)

Highlights

The presenter is long shares of Glu Mobile (GLUU) on the basis of strong momentum and growth inflection, layered against a large and expanding industry backdrop. The presenter is especially excited about GLUU pioneering the “celebrity” category in mobile gaming, and thinks the Kardashian game is a replicable model as opposed to a passing fad. Tencent’s involvement in the company provides additional optionality, and he models a doubling in Glu’s share price, with even further upside if the expected trends prove to be sustainable.

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Idea Discussion

Commentor 1 - 2 weeks ago

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