I'll post some charts later, but the stock looks very good. Remember NTES ? This one is even better, and cheap as dirt.
Gigamedia (GIGM)
Started by
ogm
, Aug 14 2007 08:09 AM
3 replies to this topic
#2
PorkLoin
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Posted 14 August 2007 - 08:21 AM
OGM, thanks for mentioning it. Awesome rally last few years, then dipped nicely into support. P/E is about 18. Weekly and monthly charts look scary, though, as far as momentum. I don't know what to think....
Best,
Doug
#3
ogm
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Posted 14 August 2007 - 08:45 AM
OGM, thanks for mentioning it. Awesome rally last few years, then dipped nicely into support. P/E is about 18. Weekly and monthly charts look scary, though, as far as momentum. I don't know what to think....
Best,
Doug
They practicaly changed their business model. They turned from ISP into an online gaming company.
Listen to the CC... revenues up 81%, profit drop is only becuase they had recored some sale of assets last year. Otherwise all comps are rocking, even sequential comps are up 10-15% across all segments.
currently trading at 0.4 PEG. And they are projecting even bigger growth for the next year.
Forward P/E estimated at around 12. Way too low for a company growing sequentialy around 12% QOQ.
People like gambling online, what can I say.
Basicaly they are growing big time, and the stock is cheap cheap cheap.
#4
PorkLoin
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Posted 14 August 2007 - 11:04 AM
Well dang, she's jumpin' today....
