** WINR ** ALERT: Excellent Conf. Call yesterday. Stock down 55% from highs in January.
Still a huge believer in it as I have said in the last few days on the WINR thread. I honestly think there is not a better longer term buy on the whole BB, at least that I have found. Short term, you decide.
** CEO confirmed 20-30 cents EPS for 1999 yesterday on the Conference Call.
Stock gapped a little today but still very reasonable, so some of you might want to DD.
Again, this is my favorite LONGER TERM buy; am not promoting this necessarily as a huge mover in the next day or two.
Down from $3.00 in January. Earnings for Q2 to be released soon (..03 - .04?, i.e. a 300-400% increase over Q1); CEO (conservative guy...his dad was with the IRS) expects revenue and EPS growth in the triple digits Q2 over Q1 (100% plus) and strong growth going forward.
Here are some notes from a poster on the CC call yesterday which I unfortunately had to miss: **** from Iwii post #2981 on RB board
**** NOTES from Iwii post #2981 on RB board (not mine..sketchy but good)
My notes from conference call for anyone interested. They are a little raw, but I did my best.
- WINR started with the gaming market, wanted a tough test for software
- partnering with CMS - internet bank - every transaction will run thru the winr processing
system
- secureplus network -> internet merchants
- winr system - bring swiss/lichtenstein banking to everyone around the world
- filing with sec - 1st part of august
- 2nd quarter results - expected within about next 7 days
- triple digit growth 2nd quarter over 1st quarter
- growth will increase quarter to quarter
- processing fees will far outgrow the licensing fees for gaming market
- $.20 to $.30 per share - this is the goal they set - expected to be reached
- ichargeit/shoppingdowntown -> getting very close
- winalottery -> increasing weekly
- internet banking software - 3 to 6 months to get bank charter - will be opened 24x7 - 8
languages - call center to open august 1 for technical support/customer service
- securenet system - multiple companies - golf courses, auctions, trading, etc - "household
names"
- euro is nothing but a plus for the winr system
- cfg will be more involved
- skinner talked about setting up a forum for investor question on the website
- cfg - fully reporting will help promoting company - they have been and will be contacting
brokers/analysts to spread the word - working with major gaming magazines - next 90 days will
make it much easier to promote company
- skinner - no hype - by the book - has and will do interviews with various companies,
publications
- winr was understaffed, now fully staffed
- access world, vaudville, vanguard - these contracts granted permission for these companies
to sell licenses for winr processing. these agreements gave these companies exclusive rights
to certain geographic areas - skinner expects these contracts to be fullfilled - if not, then winr
will do the selling in these areas - no lawsuits will be filed for non-performance
- sportsbook from vaudville has been delayed - but many others are in negotiations
- $9 - 11 million revenues still the goal
- banking software was not sold to cms - the exclusive right to use the software was sold to
cms
- winr getting 300 - 400 new users of site each month
- Skinner/varney filed to sell very small pct of holdings - will only sell if stock price is very
favorable - skinner more interested in company 10 years from now than any short term gain
- foreign exchange - first get on nasdaq, then open on foreign markets
- government agencies - talks with countries about using winr - "want to work with
governments"
- talks with private and national lotteriers - many want to go international with winr
- what to expect for rest of 1999 - continued growth, broader aspects of the world
- y2k - no problem at all - independently audited
- winr system can handle 10s of thousands of simultaneous users
DO YOUR OWN DD....and this is a good one to DD |
