Littlefield Corporation (LTFD) Message Board

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Non-Tech : Littlefield Corporation (LTFD)

LTFD 0.170

0.0%

Sep 29 11:29 AM EST

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To: SE who wrote (7287)	2/12/1998 10:40:00 AM
From: Ed Pettee	Read Replies (3) of 10368

Scott-- Could you run the numbers again just to set a base based on a worst case senario using the following assumtions: 1. VGM's are out on 7/1/99 2 Bingo Halls are added during 1998 --assume 50 new halls for entire year. 3. Use current averages for Bingo hall revenues , and current revenues for VGM's, although I believe if faced with shutdown the average profits will increase per machine based on a change in % payout.. What would 1998 look like and 1999 with only half of 1999 having VGM revenue? Using a 20 x earnings, I bet both years would be above current stock price. Keep # of shares constant. THanks for your work.

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