
Originally Posted by
GETNDATCUDIBOY
For the 37th time. I understand that someone paid 1.5 billion for the company. I get it. To SoftBank, they seem to think its worth billions. I hope it works out for them. Just know that what someone is willing to pay for something doesn't mean its worth that much in assets.
The poop analogy was kind of silly. Cool. How about I use another example? I buy and sell things on eBay. Things such as video game lots. For example, I have 6 NES's, 11 controllers, a track pad, 5 laser guns and about 200 games all that work, some of which are pretty rare. I have received offers anywhere from $50-$1200. The buy it now price is $2500. So assuming that I took the $50 offer because it was the first one, does that make it worth $50? No. It only makes me an idiot. Assuming that someone buys my lot right off the bat for $2500, does that make it worth $2500? No. It makes them the idiot. At the end of the day, it's an investment. The investment is only worth what someone is willing to pay for it. SoftBank believes that by putting more than a billion dollars into supercell, they will turn a profit. I highly doubt that SoftBank was the one and only offer they got. Its safe to say that they were the highest bidders though. I just hope it works out for them because like I said a few posts ago, all it takes is one terrible update to send that investment to the toilet. Much like Solyndra, 3Dfx, RCA, Eastern Airlines, Compaq, TWA, MCI, Enron, etc. All those companies have something in common. They all had big investors dump ton of money into them because they overvalued them and overlooked all the numbers only to have them fail.
Using your "mansions" comment, I can tell you that I am a homeowner. I doubt you are because if you knew how the housing market worked, you would not have used that comparison. At the time I purchased my home it was in a bidding war. The house was on the market for $110k. I was aware of the other buyers putting in bids anywhere from $100k-$120k. I put in my bid at $135k. Well above what anyone else offered. Did that make the house worth $135k? If I were to lose my house to the courts or a lien was placed on it, do you think they would appraise my house at $135k? The answer is no. I was dumb enough to bid that much, now I'm stuck with it. Hopefully it works out for me the way it hopefully works out for SoftBank because I love clash and would hate to see it go under.
Want to to know when we will find out how much supercell is really worth? Having them file for bankruptcy where you would be able to see all the numbers and the courts would give a value based on all their assets.