The9 Limited engages in the development and operation of online games in China. The company operates WoW, a massively multiplayer online role playing game (MMORPG). It also operates other licensed MMORPGs, including ‘MU’, a 2.5D quarter-view MMORPG; and Mystina Online. In addition, the company has licenses to operate other games, such as Granado Espada, SUN, Guild Wars, Joyful Journey West, and Hellgate: London, an action role playing game.
Well we should have all bought this back in October, but i think with the new WoW expansion coming out this is a good buy for a midterm holding. Unlike a lot of their competitors this company has no debt, and postive earnings. They showed 244m LTM EBIT in 09/06
This stock has had insane revenue growth, and i expect it to maintain 40% growth per year in revenue. Which is good since they are running 46% gross margins.
53% insider ownership, which means the insiders haven't dumped their shares yet, meaning they think this will be worth even more in the future.
Currently a P/E of 23 but which is a bit expensive but i see this as a great growth stock, seen too risky to invest in by institutions
$33.8 (01/17/07)
