Fatt, good thing GOCA sold a 27 rooms hotel in Dominica for such a great price,
as these hotels are usually not profitable and probably not worth such a high price. My feeling is that they have done a very good deal, although it's certainly not reflected in the current share price. I would have thought that share value would have gotten a boost from the SNMM move, but it's sadly not the case.
Reviewing Gambling stocks, I came across one I really like, although it's full potential won't be realized till around October.
CRY.TO is very much under valued in comparison to SNMM. I am a supporter of SNMM since January 99 but am looking into getting invested in CRY.TO, as well at just under US$12.00.
15.4 Millions diluted shares, Market Cap: US$185 Millions, PE: 5.6,
est. EPS: US$1.50+, cash on hand: US$30.7 Millions, applied to join NASDAQ, which should happen in October....
Let me know what you think, while I am waiting for the investor's package.
Regards, F. Goelo + + +
PS: if it had a proper PE of say: 30, you'd be looking at a share price of about $65.00, or a 5 bagger+ within 4 months, when it lists on NASDAQ.
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