grpn, zynga, and CNR CNI beats again
GRPN $11.975 in jan predictions talked about this stock being a train wreck, hit highs of 31, and last jan was around 20-21.
anyways believe the company is still a train wreck, but would no longer short the company or play it on the short side. believe they will use their money to expand the platform, time will tell so will wait on the sidelines will not go long. there are options on the stock so if I go short will do it that way.
Zynga bought draw something for about 200 million, the developers produced a game where you draw something and send to someone they guess it, ect. has over 36 million users, and 10 million play everyday.
do not care for this company either, however this is a good purchase they have to buy more good game developers, and go in the moblie space, currently they are to tied to facebook, and if they stay lack that they will also face major challenges. avoid, but though expensive they have to use their balance sheet and buy more game developers. to be the amazon of game apps.
CNR CNI railway in the latest quater had earniings of 1.75 share compared to 1.45 a share last year.
take tax gains out 1.18 compared to .90
revenue was up 13% 2.35 billion from 2.08 billion
the compnay is well run I have a positon, was the first stock I suggested buying, back in 1999 on the net...good news.
bad news, suggested selling 50% of the positon after gains.
has split 2-1, twice, and once 3-2. also was at 42.50/45 now 84 cdn. 86 US.
the best railway in North America but would rate it a hold, (have been saying that for a while). on a 10-15% pullback would buy. great company just not a great price.
yes I wish kept the whole position, but you cannot have a large part of your portfolio in one stock.....anything more than 10% (even that is excessive).