RE:RE:Agreed...Meta reported strong growth in digital advertising Everything in this gaming sector is down in the dumpster - their run ups in 2021 were total BS hype and traders made a killing across the board.
For what it's worth, the year end statements were signed the end of March so their intangible assets made it through a pretty ugly valuation trough relatively intact with a book value of some cdn $1.65.
I wouldn't expect any Q1 writedowns although new ceo's do sometimes flush stuff through but in light of the issueance date i dont know what data set they could point to for any large writedowns being triggered in April plus.
the book value does give some support to your comments about M&A.
1condor wrote: Another nice day on the markets and EGLX is down another 5 percent. See no reason why it wont dip into upper 30's by mid May. What a dumpster fire this is and sad becasue it did look like the company had decent potential. Another brain dead analyst yesterday put a one year target of 3 dollars on the stock. Wont be long now until you see the analysts aggressively downgrade to around a dollar or lower. Not a holder but watching the carnage from the sidelines.