There's never a good time to mix stocks with nostalgia.
Investors who remember when Shanda Interactive
Net revenue for the quarter did climb 25% to $248.7 million, but it's not the once-promising Shanda Games
The real growth at Shanda these days is coming from its Cloudary Web-based literature platform, its stake in the Ku6
The bottom line isn't pretty. Profitability was more than cut in half to $0.22 a share. Analysts were holding out for a chunkier profit, but what else is new?
Source: Yahoo! Finance.
The sad contrast to another Shanda letdown is that its four publicly traded rivals in Chinese online gaming -- NetEase.com
Shanda may have some interesting things going on, but it's going to be hard to move the needle if it remains a laggard in online gaming.
Are you worried about the future of online gaming in China? Share your thoughts in the comment box below.