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Non-Tech : GameTech Int'l. GMTC < SATELLITE Bingo and more >

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To: Shaquapa who wrote (234)5/31/1998 8:56:00 PM
From: Don Lachot  Read Replies (3) of 400
 
I don't follow gaming stocks at all. I just read the earnings news and it caught my eye that a stock selling under 4 dollars would earn 8 cents, since most stocks that cheap are losing money, usually alot of money. So I looked further, and to my surprise, learned that GMTC was debt free - another oddity for such a cheap stock. Then, when I saw the $3 per share cash, my eyes grew even bigger. I also noticed that revenue and sales force is expanding, always a good sign. I just couldn't believe all this could be true. There must be a catch. So I'm perplexed at the low price and I'll not let it go above 4 without buying some.
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