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Non-Tech : CSDS(Casino Data Systems), is it a good play now?
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To: John T. Hardee who wrote (412)6/26/1999 2:50:00 PM
From: Jeff Leader   of 442
 
CSDS has updated their web site with a "Where to Play" section.
It lists 57 sites that have Bingo.

Some back of the envelope calculations:
If we assume the site average is 10 machines CSDS should have shipped over 500 Bingo machines last Qtr. At $10K ASP and 50% gross margin you get $2.5M+ profit or about .14 eps. But that's probably too optimistic, since expenses probably went up a bit, and other slots may have declined. My guess is .08, with a possible .02 kicker if they reversed the interest charge for the MS jackpot.
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