There is no telling how high the cash-rich gaming stock could go up | personal financing
unit programs (NYSE: U) It bypasses the vicissitudes of other gaming companies in a unique way and has a huge market opportunity. In this clip from “IPO & SPAC Show” on Motley Fool LifeAnd Recorded on April 11thMotley Fool contributors Nicholas Rossolillo and Danny Vena explain why Unity Software is poised for significant growth over the next 10 years.
Nicholas Rossolillo: This is a very important point, Jason, as you mentioned. We talk a lot about it. The difference between a company that hasn’t hit scale yet, where it can turn a profit, and a company like Unity that deliberately says, “Hey, we have more cash than we need. We have a huge market opportunity before us. Let’s use it. Let’s use cash and expand.” Yes, Jose, this is a great company. As I mentioned, it’s not just a tool. It is a complete toolbox. I really like this analogy. They keep adding new tools to this developer toolbox. It’s a great story. It’s been a volatile stock since its IPO, but the long-term potential of this company is hard to gauge 10 years from now.
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Danny Vina: The only thing I really like about Unity Software is because I don’t think the games are going anywhere, I think they will get bigger from here. Unity goes beyond the ups and downs of game development companies because you have to have a successful game or not have a successful game in order to build your library. Unity benefits whether a game is successful or not because a large number of developers use its software and get paid whether or not the game is a hit. This is something I thought was really interesting about the company.
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Danny Vina has no position in any of the mentioned stocks. Nicholas Rossolillo is the owner of Unity Software Inc. He owns the Motley Fool and recommends Unity Software Inc. Motley Fool has a disclosure policy.
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