SNDA is the biggest turnaround story in online gaming.
SNDA completely REVAMPED its business model and is showing great success.
SNDA used to be the biggest growth story of online gaming 2 years ago...then came along NTES who went to undisputed leadership role with its in-house games which ruled as top 2 games in China.
SNDA went back to drawing board and allowed its game for "free"...a revolutionary idea which took SNDA stock from $45 to $12.23 in a 12 month span.......
Now SNDA business model is working and free Casual games are "rage again" with increasing peak concurrent users and average users.....
SNDA also have EZ centre platform which provide contents like movies,financial info ,music,travel.........
In the last 13 months SNDA stock has shown the greatest increase % wise of any online gaming company......went from $12.23 in may 06 to $30.63 in may 07...a jump of 150.4%.....
SNDA is trading @ $28.58 after basing for about 4 weeks......
SNDA FA is equally impressive which is :
Sales 07 $297.08 million
YOY.........+40.2%
Earning 07..$1.46
YOY............+78%
PE..............19.58
SNDA is showing continued leadership in its casual online gaming format...and is projected to grow further in FY 08.
SNDA is also shown as breakout stock by www.stockconsultant.com
Please do your own due diligence as I own SNDA.
BLOG does not give buy or sell.
My next post will be around 11AM on monday.
Good luck to all on next weeks trading.
Enjoy the rest of sunday !!!
Saleem
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