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A comment on Zynga stock plummets below value of its cash and real estate. Parent comment

Re:Zynga stock plummets below value of its cash and real estate by tatsuke95 on Thursday October 11, 2012 @09:22AM (#4640640)
>"Aside from no faith in management, what else could be the reason for the discount?"

At this point Zynga could be liquidated and still produce value. But the lower-than-book valuation implies the fear that Zynga will eat into its assets (re: cash) before that has a chance of happening, thus lowering its value.

So, basically, no faith in management...

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Re:Zynga stock plummets below value of its cash and real estate by shawabawa3 on Thursday October 11, 2012 @09:43AM (#4640715)
From the parent level comment: The book value doesn't take into account an expected write off of $90m, which would drop the price per share to lower than the share price
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