China Growth Stocks

[riskanalyst]

GRVY: I played this for a little bit, but sold out. I don't follow them as closely of late, so will have to go through their latest filing. They have reported decent numbers of late and trade below cash value, but they will have to ramp up marketing expenses. They have slashed these to a minimum, but will have to ramp up as they market the new games and eat into existing cash. I don't have a handle on how much the ramp up costs will be, but if you take a look at past marketing expenses they were much larger. They have a couple of new titles out or on the way out and I think they will be using some of that cash. I'm staying out for now.