[kagame]

There have been a bunch of upgrades recently, mostly with price targets are above $40, which I think is conservative. The valuation is still extremely compelling even with the recent run up, just take a look at the PE; and annual growth is estimated at 30% for the next few years.

The game pipeline is very strong, the business connections are there, and Chen is still the visionary he always has been. I would say the EZ Pod fiasco was just a case of his being ahead of his time; and that may even be vindicated in the near future, they still have the potential for profits there. The other huge pps depressor was the switch to the CSP (come stay play) model, which was modeled after successful markets in Korea, and that has turned out to have been an amazing management decision based on their recent game revenues. Chen seems to be figuring out how to handle Wall Street analysts and I don't think we will see another price collapse in the stock anytime soon.

There is just still so much value here compared to say, BIDU.

Oh, and there is the in-game advertising that will start contributing revenue after this next quarter. Almost makes me pee my pants.