Rents slot machines to licensed gaming establishments in Peru,and other Latin American countries.Last earnings report 9/96, revenues rose from 633K to 2.1mil(per Market Guide). For the 9 months ended September, earnings were .31/share. Stock traded as high as 7 in the summer,has since come down to 2 1/2.
Any information anyone has on this stock would be appreciated.
Why did price come down?
The main ominous thing I see in Nov. 4 company news release is that Peruvian Govt. was establishing a monthly tax on all slot machines.
The company says in that release that it has no debt...
Current Assets of 9,600,000, of which 4,500,000 in cash and equivs...
Current PE about 7...
Any interest in discussing this microcap, or are small stocks passe these days on the street?
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