NCTY’s Cash Hoard
September 1st, 2009
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I picked up some shares of The9 (NASDAQ: NCTY) at $7.54 today purely based on their balance sheet and games pipeline. I, myself, am an avid gamer so I’m very well-versed in the world of MMORPGs (Massive Multiplayer Online Role Playing Games). NCTY, who specializes in operating MMORPG’s in China, got beat up badly when they lost the license to the insanely popular World of Warcraft MMORPG in China [...]
