I wouldn't touch this stock, don't get me wrong, they make great games in their niche. But the sad truth is that the gaming market is very saturated and I don't see turn-based strategy games becoming the new Fortnite.
The stock isn't even that cheap. So unless something unexpected happens, this stock is "ok".
But there are a lot of "ok" stocks on the market. 😘
The stock isn't even that cheap. So unless something unexpected happens, this stock is "ok".
But there are a lot of "ok" stocks on the market. 😘
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5Mon
Thanks for the insights! Of course, it's not a crazy growth play, as you mentioned. It just sounded like a decent mid-term trade option with the large niche user base if they could fix the current problems with Cities Skylines 2, add DLCs, and launch other big game names.
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4Mon
@PowerWordChill Yeah but because it’s a niche there is basically no competition. Fans of grand-strategy can’t find a way around Paradox. Even though TAM is smaller than Fortnite there is less competition in the specific genre. It’s sad that their ventures failed but the current OG titles still have solid player engagement and therefore generate decent FCF.
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