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Microcap & Penny Stocks : MNTG... MTR Gaming.... Let's Go To The Races....
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To: Lance who wrote (439)11/5/1998 1:38:00 PM
From: Lance  Read Replies (1) of 645
 
I was reading the message board over in Yahoo, just though you guys would enjoy this one:

"The 4th qtr is always slow. Anybody have any VLT numbers for October?

Notice the NV properties were a net drag of $.02 because of closure/remodeling. NV has also been a net drag on the stock price b/c of uncertainty. We can now see that the $0.02 drag should go away, and by 99Q1 be contributing to bottom line.

So how much could they make in Vegas? Here's something to chew on. Gaming revenues consistently average 8 times the traffic in food/beverage/lodging. Now, operating margins on the mature operations are running about 20-25%.

Even at the current paltry Food/Beverage/Lodging traffic level of $489,000 (remember, they were remodeling last qtr), they have enough traffic in there right now to contribute $4.4MM sales per qtr, and $0.04-$0.05 per share earnings.

PREDICTIONS
* Once the market sees this unfold, at the current multiple, NV should initially add $2.00 to the price of the common. End of first Q of 99, this with other developments will take us to $5.50-$6.00.

* The 4th Q won't get much relief from NV, and eastern biz is historically slow. There may be some buying oppty's once euphoria about earnings loses its glow.

Comments??

By the way, I am not affiliated with MNTG in any way other than I own alot of stock in it. Have a good day."

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