A Hit and a Miss
As we approach the end of the month, let's take a look at two of the stocks I wrote about in this month's columns. One call was good, the other not so much, but let's see if we can take away something positive in either case.
Last week, when Zynga (ZNGA) was trading at $5, I wrote that "even after its precipitous decline, Zynga isn't necessarily a cheap stock," because its valuation of 2.27x sales seemed rich compared with competitor Electronic Arts' (EA) valuation of less than 1x sales. Since the company's cash and real estate are valued at about $2 per share, Zynga may finally have achieved a reasonable valuation after Thursday's 40% shellacking....323 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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