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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential !

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To: crimson who wrote (898)5/8/1998 12:49:00 PM
From: Brad  Read Replies (1) of 8879
 
Hi TraderJack! I think this one of the most exciting stocks I've seen because of the explosive growth potential and the fact that I think it very undervalued.

I talked to Gary Borglund at length about his projections. I was highly impressed with the modest numbers he used to reach these EPS estimates.

I told him those looked like pretty conservative numbers to me. He laughed and indicated that he would prefer to under-estimate and over-perform. Sounds good to me.

Based on what I see as $.32 to $.42 EPS for FY98, I think we could see this stock at $1.00 to $1.50 in the next month or so and closer to $2.00 after the 10K is filed in June. I think a forward-looking P/E multiple of 5 is modest and reasonable.

If they achieve or surpass these numbers, and add the fact that they will be a fully reporting company in June, I could see the trailing P/E multiple going to 15-20 a year from now because of the credibility of the company.

Certainly some "ifs," but I think it could happen.

The more I learn about GLOW, the better I like it.

That's my honest opinion. So I bought a few more shares this morning.

Best wishes,
Brad
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