While the upcoming Christian-themed video game Left Behind: Eternal Forces is expected to be a big seller during the holiday season, at least one Wall Street expert thinks investing in the game's publisher could be a deadly sin.
MarketWatch columnist Chuck Jaffe has picked Left Behind Games as a "Stupid Investment of the Week."
Jaffe terms Left Behind Games (OTC: LFBG) "an interesting microcap stock," but adds that current valuations are "sketchy" and lack adequate financial data.
The analyst notes that LFBG has spent $12 million since 2002, but has yet to realize any revenue. That will change soon, of course, with the launch of the game. The company's own accounting firm says that it has "substantial doubt about (Left Behind's) ability to continue as a going concern."
Jaffe worries that small investors may be caught in a no-win position:
"...Left Behind is likely to be like many microcaps whose stocks pop after some good publicity, a hot conference, a new product or even a spam campaign. Its value is likely to fall back until it proves that it has more than just a good story... In that scenario, what will truly be Left Behind would be a lot of investment capital."
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Left Behind Bad Investment, Says Analyst
September 12, 2006
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Shout box
Uncharted NES: Critics: 'Left Behind' game glorifies violence- http://tinyurl.com/wu64s02/12/2012 - 4:34pm
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Zen: I felt Brutal Legends was a funny & beautiful look at the world of rock from Double Fines point of view. The only parts I wasn't hot for were the RTS bits as it felt forced. Otherwise fantastic.02/12/2012 - 1:34pm
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DorthLous: Passed 1.5M$. And I'd also say that Brutal Legend is far from being a bad game. I just think it was a few levels under what people expected from the people working on the project.02/11/2012 - 8:25am
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Technogeek: Brutal Legend wasn't bad so much as "marketing had no idea how the game actually played", causing it to suffer accordingly.02/10/2012 - 10:38pm
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RedMage: It looks the CIA's website has been DDOS'ed. Anon?02/10/2012 - 7:52pm
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RedMage: Brutal Legend.02/10/2012 - 7:52pm
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ddrfr33k: Has anything Tim Schafer ever made been of crap caliber? I'm struggling to think of one...02/10/2012 - 7:37pm
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Guamish: I think it is in good hands. Tim did a game for the GDC award show and that was fun for how short it was.02/10/2012 - 12:22pm
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Andrew Eisen: It'll be tragic if the game ultimately sucks.02/10/2012 - 12:17pm
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james_fudge: $1.3 million02/10/2012 - 11:32am
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Uncharted NES: Germany Says It Won't Sign ACTA [Update: ... Yet]- http://tinyurl.com/7r2twrg02/10/2012 - 11:21am
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Andrew Eisen: Damn. Double Fine's Kickstarter fund has already passed a million dollars.02/09/2012 - 8:16pm
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Andrew Eisen: Audrey didn't quote the sassy parts. Here's IGN's article: http://wii.ign.com/articles/121/1218359p1.html And here's my original post: http://tinyurl.com/7y68a3902/09/2012 - 7:50pm
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james_fudge: I hope you some said something sassy! Where's the link?02/09/2012 - 7:46pm
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Andrew Eisen: Hey, neat. IGN quoted a blog I had writen only two hours earlier. I certainly timed that one pretty well.02/09/2012 - 7:38pm
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Andrew Eisen: Toki Tori has been added to the Humble Bundle for Android.02/09/2012 - 5:11pm
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james_fudge: Thanks for the heads-up DorthLous02/09/2012 - 4:33pm
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DorthLous: Will do, my apologies.02/09/2012 - 4:14pm
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Andrew Eisen: I appreciate the heads up but please keep typo alerts to the specific article's comments or PMs.02/09/2012 - 3:33pm
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DorthLous: The title says 30, but in the article, the developer says it's like a 20% net tax http://www.gamepolitics.com/2012/02/09/developers-call-facebook-currency-transaction-fee-thirty-percent-tax02/09/2012 - 2:43pm
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