The performance of the IPO class of 2011-12 has been a mixed bag, especially as far as tech companies go. However, one of the most spectacular failures in terms of performance has been social gaming shop Zynga (NASDAQ: ZNGA ) , whose initial public investors are currently in the red to the tune of a 70% loss.
A major piece of that loss occurred earlier this month, when the company announced steep layoffs and several other overhead reductions, prompting its stock to crater once more. However, as the saying goes, could one investor's trash be another's treasure? It certainly is true that the company is now significantly cheaper, so could this be the perfect chance to buy what now amounts to a turnaround story in the making?
Zynga's post-IPO performance has been dreadful, and investors are beginning to wonder if it's "game over" for this newly public company. Being so closely tied to the world's largest social network can be a blessing and a curse. You can learn everything you need to know about Zynga and whether it's a buy or a sell in our new premium research report. Don't even think about picking up shares before you read what our top analysts have to say about Zynga. Click here to access your copy.