- Up until a few days ago, MYPS was one of my highest conviction investments. The conference call dashed my hopes.
- Drastically lowered guidance has naturally lowered intrinsic value, the inputs for which I first based off of their initial projections not even a year ago.
- I feel lied to. Or they were disastrously wrong about the prospects for their own company. Either way, it's not good.
- All that notwithstanding, I am holding my position. Huge insider purchases and the optionality for several new revenue streams keep me interested.
For further details see:
Getting Played By Playstudios