Gravity is a game development company, the majority of the shares are owned by GungHo. It has growing revenues and net income year after year. It’s margins are very good, it has no debt and lots of cash. What’s the catch?
They don’t seem to do anything with their cash pile and they rely on their Ragnarok franchise. But the franchise is very popular in south east Asia and has been around for about twenty years.
I’ve taken a small position, I’d like to buy much more but I’m not sure what to think.
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