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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: Texas77 who wrote (10286)	1/27/2006 5:38:46 PM
From: bingoman	Read Replies (1) \| Respond to of 10368

I listened to the cc in addition to reading the report.Everything is getting better and they reported .23.Jeff stated that they can expect 600k less in legal fees this year.In addition,they will have much less interest expense due to paying off 1mil. in loans in 05.This will have the effect of lowering ebidta but increasing eps.You can make a case with with some continuation of trend that they can make easily north of .35-.40 in fy 06.He also mentioned growth opportunities in more states now that managements attention can get away from legal matters and on expansion in bingo gaming.This company is trading at .79 and that represents .79/.35=2.25 trailing cash flow(ebidta) and .79/.23=3.4 pe.I would love this stock to trade down like last q after earnings to add further to my position.If we can get and stay above 1 maybe we can get back to nasdaq.I will call Jeff about this matter and report to the board.It is a steal.