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.
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.
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.