Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook Message Board

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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook

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To: Jay D. who wrote (732)	10/28/1998 10:20:00 AM
From: Peder E. Angvall	Read Replies (1) of 8858

Well, checking how SNMM fits into this: 1. Revenue growth - They have really only been operating the casino portion of the business for the last 2 quarters, so we will look at those. Q4FY97 $1,128,079 and Q1FY98 $1,537,259. The quarter over quarter (not year over year) revenue growth over those two quarters is 39% and 36%. Assuming the trend continues through this Q (ending 10/31), they should see revenue around $2 million. 2. Earnings growth - Q1FY98 was their first positive quarter for earnings (about $100k or $0.005/share), so % comparisons to previous quarters don't mean anything. However, I think it is significant that they had their first Q of positive earnings and that means that this quarter will be very important to establish that they will be a profitable company. (My guess is $0.015/share) I don't know how many consecutive quarters Mr. Lynch thinks is appropriate before jumping into a stock, but I think SNMM is well on the way to being that one out of ten stock. PA Disclaimer: I own SNMM stock...

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