Lake City Gaming: LCG-V Message Board

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Non-Tech : Lake City Gaming: LCG-V

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To: cash money who wrote (86)	3/5/1999 9:46:00 AM
From: Pianoman1997	of 124

« In your opinion where do you see LCG going this year?» Assuming a conservative 50 cents earning for the current fiscal year and 75 cents for the next one (excluding any acquisitions) and applying a 15 P/E then you get 7.50 $ and 11.25 $. A P/E of 15 is very conservative if LCG shows any growth potential. Their conservative way of operating a casino is proven and while not as spectacular as others it makes money and risk is minimal. Any acquisition outside B.C. would probably change the perception that LCG is a local B.C. Company with minimal growth potential. I'd be happy with 10 $ after Q4 release. And if LCG seems to take a conservative expansion path , I might stay for the party. A big question mark is who' s buying all those Sprott shares and who will really be in charge soon... Dan

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