Jeff,
I believe the stock will continue to rise. Let me give you some background. CSNR was trading as high as 6 about a year ago. They had several deals in the works in relation to their expansion into the gaming industry(up to that point they were entertainment and hospitality only). This is what pushed the stock to its highs. There was quite a bit of interest and trading was rather heavy, however, the casino deals began to drag, and as a result, investors became impatient and lost interest. The stock dropped to its lows on relatively light volume. The casino deals that were dragging have finally begun to form up, and are nearing completion. In addition, they have finalized deals to expand their entertainment division(by the way, their casino deal in Biloxi and the one in North Africa both involve theatres as well). As these deals have neared completion the volume has slowly gone up, along with the stock. What I like about this company is their diversity. They don't rely on gaming alone, much like the larger gaming companies. Most of the smaller gaming companies are only involved in casinos, and as a result, are much more vulnerable. With a little more interest, this one is a winner. Hang in there. |
