Here's a basic overview of ROMT/EGAM for the new shareholders
I'm not an insider, so I don't know everything, but here's what I do know:
eGames Inc (Nasdaq:EGAM) (formerly RomTech ROMT)
- Sells family oriented games to customers through retail channels at Wal-Mart, Wal-Mart Canada, Target, Kmart, Best Buy, CompUSA, Staples, Office Depot, OfficeMax, Computer City, Electronic Boutique, Zainy Brainy, Babbages, Software Etc. and Fry's.
- Sells the games through the new website, which will be launched on March 1st.
-the new website will allow the products to be downloaded instantly after payment. Demos are also available, so you can play before you pay.
-Earnings for the past 3 months have gone up 50%. Earnings for the past 6 months have been up near 100% and the growth is expected to increase more than that.
-Very low P/E for software and internet companies.
-Abnormal to be making money. Considered Undervalued by several market analyzers. Average book value is around $7. This figrue is based on earnings growth, P/E, ability of management to effectively execute plans, etc.
-Nice new name, effective March 1st. From RomTech to eGames.
-Fairly Low FLoat of about 5 million shares
-Much insider buying going on since they decided to change name. Odyssey has been selling since mid-1998 up to now. I expect them to unload shares over time, if not soon. Reason: they're cost is pennies, so why not sell? They have been sitting on this stock for a long time, and apparently have grown very impatient.
-eGames has begun to hire software programmers to design new software under the eGames name
-Has a very nice chart.
-Very positive outlook on many boards. Few shorts, but no many.
-Will be VERY volatile on Monday. Good and Bad. Will go to the extreme one way or the other. Daytraders will be sitting all over this one and messing with weak hands. That is what will cause the price to go up (or down).
-Definitely a long term hold after the volatility is gone. Face it, a Internet company with a niche is very hard to find, especially one that is making money! And a lot of it.
-No IPO is planned, that was just a misunderstanding on someones part
-Apparently the Individual Investor doesn't like this one, but MarketWatch does. Keep that in mind. And the Magic 25 is not so hot I hear. People will listen to MarketWatch more than Individual Investor.
-They are dealing with Digital River, which does big big sites. Many times, cause 100% incease in web traffic to a particular site.
-EGAM has a market niche, which so far, it has exploited very well. The market niche they are in has grown from last year's market share of 1.6% to 3.5% and is expected to continue to explode.
-There could be many other announcements coming besides just the name change and the website, so be prepared to react either way, buying or selling.
-Obviously, I am very optomistic on this stock and think it has a bright future, but it is up to the daytraders tommorow and new investors to decide on next week. I plan to hold for several months.
-I will not be on during the trading hours, due to school, so best of luck without me guys!
Remember one thing: Make your own decisions and base it on your own research. Do not let someone that cusses and lies decide for you.
Best of Luck in Everything,
Matt
P.S. I am not an insider, so there could be some big surprises. Someone, Jon, I think claimed to have spoken with the CEO about upcoming events and said some large partnerships are coming down the pipes. Could be true, but who knows. I definitely see a ADVERTISING partnership coming. They are already in the Yahoo database.
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