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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Crossy who wrote (3850)	8/26/2003 5:58:12 PM
From: Patentlawmeister	Read Replies (1) of 37387

Crossy - ok, case study on EGAM is fine. Regarding the declining revenues and "gaming" aspect of the company - this is really a retail co. that changed their business plan last year to focus on "traditional" software retailers, like CompUSA and Wal-Mart, as opposed to "non-traditional" retailers like supermarkets and drug stores - that's the reason why year over year revenues are down; but quarter to quarter they appear to be rising significantly now (1.5m to 1.8m over the last two quarters). In any event, they got their margins up to 60% with this strategy; hence the .16 per share earnings for the year, which isn't too shabby for a stock trading at .50 (i.e., p/e of 3), which has eliminated its debt. Should it be trading at a p/e of 9 (stock price of 1.50) for a potential 3 bagger? I would say so, considering further that their best quarters are the September and December quarters ... some posters are now speculating on eps in the .25 to .30 range for the upcoming year. Now if they accomplish that i would doubt the stock will still be trading at 50 cents.

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