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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook
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To: E*Trader who wrote (3182)7/2/1999 4:13:00 PM
From: THOMAS GOODRICH  Read Replies (1) of 8858
 
While Bluejay may have snacked on too many sour grapes, what he says isn't entirely wrong. Starnet's revenues and profits are indeed growing exponentially. Licensees continue to increase dramatically as barriers to casino ownership are diminishing. It is very likely some of Starnet's franchisees will not become profitable for a considerable period of time for a myriad of reasons. While many licensees are experiencing 40% growth in revenues per month or more, some are/will be reporting considerably less. In the aggregate, Starnet is performing very well and development companies are where investors need to play the I-gaming sector. Leveraging fortunes in individual web sites that have gone public usually isn't sensible because as Bluejay suggests, profits could be meager and many owners go public because they are anticipating a slow ramp up period. Raw hits and search engine positioning data are not a measure of success.
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