|I saw that today, it was up almost $2.00 per share on 10,000 shares traded. Very low liquidity.|
I think the parent company owns 59%. I don't know how a takeover works in that case, could the parent just say we're taking GRVY over for $22, and vote their 59% to approve?
I don't mind hanging on to my shares. I think the PE ex-cash if they just flatline with last Q is 2.0x, maybe 3.0x. If their business is sustainable, it seems to cheap. Who knows, they may even grow from here, so the upside seems pretty high. Then again, their games could go back down the tubes and it could crash, so it's a complete crapshoot, but currently a cheap crapshoot.
Most of my stocks these days are boring dividend payers, GRVY at least is interesting......