SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : LACI-Latin American Casinos Inc.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: EenieMeenie who wrote (43)12/15/1997 8:15:00 PM
From: specsit  Read Replies (2) of 54
 
I think I like this stock. At $1.62 it's not going to $5
overnight but I just cant see much long-term downside risk.
Book value is around $2.76 per share with some $1.20 of that in
cash, and most of the rest in slot machines at a low cost.
Company announced a buyback but hasnt started it yet as of last
week when I called them. (I HATE it when companies announce buybacks but dont follow through)
It seems they will likely being barely profitable for the next
quarter with possibly increasing profits thereafter dependant on
their success in placing machines.
The warrants would seem to have at least some speculative
considering the company wont likely let them expire and may,
sometime in the future lower the exersize price in the event
they need funds. They DONT need funds now as evidenced by their
large cash hoarde.
As far as their entry into cigars...I'm a little concerned about
that but they say they arent investing all that much money in
that venture.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News