WINR = SUCCESS with some minor areas needing improvement.
To all loyal shareholders or those lurking, I think it's time we take a good look at WINR. I think it is an excellent buy at these levels.
Why? Some have sold because WINR is taking some flack on RagingBull currently for a minor delay in reporting their filings to the SEC. Some say that WINR has missed some deadline in the past. Yes, it is primarily some bashers with their soap opera politics and the "Sky is falling" syndrome, but it's a good time to examine WINR's successes and areas needing improvement. Time to put things in perspective.
Let's look at the success and then talk about some ways to improve a couple things at WINR.
WINR PRO's:
** April 1998, said they would get financing to move forward...they did
** Said their margins would be over 50%...they are (66% in Q2)
** Said that they would be profitable in Q1...they were
** Said they would achieve triple digit growth in Q2 over Q1... they did (300% growth)
** Said they would diversify into new exciting niches so they are not too dependent on one niche area ...they have, and
are in the process of finalizing some deals
Those are 5 huge things that they have promised and achieved.
Yes, some expected dates (not deadlines) were missed occassionally like a casino startup due to a hurricane off Key
West. Like the current delays in 2 casinos that are due to the customer (WINR is ready to go and has been)
The CC delay looked bad, but it was a VIP meeting that derailed it and he did issue an apology and did post a bunch
of Q/A's on the threads and website.
I am not trying to defend WINR, as they and every BB I know could do a much better job of setting expectations. As a
Manager of people and consultant to clients, I strive to always "underpromise and overdeliver".
Nobody is any madder that when their auto-mechanic tells them there car won't be ready when it was supposed to be
or a thousand other things, so yes, let's try to get David to realize that.
But also remember what is important...really important:
This is a Company that has achieved a lot. David is tirelessly flying all over the world. He has his father, an incredibly
talented man, involved. They are getting a lot done. And I am quite frankly amazed that more shareholders who like
WINR don't speak out.
I challenge ANY of you people to start a real business today with the goal of achieving 65% profit margins.
If you want to help the Company improve, why not call up WINR or email Mr. Skinner and tell them they are doing a
great job overall, but could they improve in one or two areas? Speak your mind but be respectful.
It's smart to offer constructive criticism, but let's not forget what's really important and how much they have achieved. |
