King Digital Entertainment (KING) Case Study Part 2 – Digging Into Financials
This test post is a continuation of King Digital Entertainment (KING) ongoing case study. In Part 1 I found that KING passed what I require for a preliminary analysis to consider a company for potential investment.
Today we will begin the real meat of the analysis and dig into the companies financials to see if it’s still worth looking at.
Get our Guide 7 Tips to Picking Great Stocks and 3 Times You Must Sell for free to make better investment decisions today.
Starting The Real Analysis
The financials I use at this point are the most recent quarterly report. Most recent annual report, if different from the most recent quarter report. And the most recent proxy if available.
In this case I’ll also be using its most recent annual and quarterly investor presentations as well.
You can find this info at either Morningstar or the company’s website.
If you’re following along the first thing you’re likely to notice is that KING doesn’t have a 10K and instead only has a 20-F annual report. The 20-F report is what foreign companies file as their annual report instead of the 10K.
The 20-F contains all proxy related info as well so this is why KING doesn’t report a separate proxy form.
This is true of all foreign companies listing in the US as far as I know so make sure you’re aware of these slight differences when research foreign companies.
Instead of releasing the notes I copied from the financials and telling you what I found first. I want you to tell me what you think about KING first.
What stood out to you from KING’s financial reports? Do you still consider them a possible investment after reading its most recent financials? Did you come across some red flags? Let me know in the comments below.
In the next few days I will release my notes and tell you what I think about KING.
***
Worried about the next major market crash? Want to protect your investments from that crash? And do you want to learn how to profit from the next market crash by buying undervalued stocks? If so, click here to learn more about our Value Investing Masterclass.
This is your last chance to enter for a chance to win more than $100 in prizes for the giveaway that will happen when we reach 200 total subscribers between Press On Research and Value Investing Journey.
And we’re about to hit this number so if you want your chance to these prizes make sure to Sign up for the Value Investing Journey newsletter here.