This stock has been around a month already and no thread? Well here goes.
I. Company reported 2nd quarter revenues of $3MM, yet its market cap is only $69MM. Thus, between 5-6X annualized revenues. And this is grossly conservative, considering that I'm assuming no growth in revenue in the next 3 quarters. Revenues actually increased 2000% from the 2nd quarter last year and 106% from the 1st quarter. This company is really cheap.
II. Coming out of quiet period early next week. Expect some strong buy ratings.
III. Microsoft is a backer of the company. Wait till this fact becomes disseminated.
IV. The DVD industry is exploding. BGST is a major distributor of film entertainment online and will take full advantage.
V. This IPO'd at 10 and is 8.125 as I write this. There is virtually no downside and huge upside at this point.
That's about it. I am glad I got to initiate this thread as I am sure that I will see it on the hot list within a week or two. |
