Article By:
Anyoption
Tuesday, January 12, 2016 3:47 AM EDT
There’s no point in anyone purchasing the stock above its current level when a buyout is going to come in lower than what they bought it for. So why might you buy King Digital at this point? There isn’t really a reason to.
Does It Make Sense To Buy King Digital?
With mobile games you need to throw games against the wall to see what sticks. $KING reported profit of $567.6 million last year.Revenue jumped to $1.88 billion from $164.4 million. They have all the money in the world to come up with new games. They won't be a one trick pony for long.
Does It Make Sense To Buy King Digital?
I'm not so sure. You are forgetting one key point. $KING is not a one hit wonder. Sure, the stock may stagnate or even go down for a bit. But once they have their next hit again, the price will increase even further.