Cramer Says Buy Perfect World (PWRD)
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Cramer says Perfect World (Nasdaq: PWRD) is a Buy. Perfect World beat consensus estimates by 81% last quarter. Perfect World is one of the main players in the online multi-player gaming industry. This type of company generates superior cash flow. Cramer says Perfect World is speculative, but he likes it.
He says Perfect World is misunderstood. Perfect World trades at 16 times next year year's earnings, even though PWRD should grow its EPS by 90%. Perfect World's stock is not expensive. It only takes Perfect World six months to get to market, whereas competitors can take up to two years.
Perfect World even has a catalyst: a new, large game introduction next year. Cramer says Perfect World could go to $40 next year.
He says Perfect World is misunderstood. Perfect World trades at 16 times next year year's earnings, even though PWRD should grow its EPS by 90%. Perfect World's stock is not expensive. It only takes Perfect World six months to get to market, whereas competitors can take up to two years.
Perfect World even has a catalyst: a new, large game introduction next year. Cramer says Perfect World could go to $40 next year.
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