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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: gcrispin who wrote (26796)	5/9/2007 10:20:17 PM
From: Madharry	Read Replies (2) \| Respond to of 78520

re Meca I bought it as the priced had dropped a lot since i first looked at it. I think that there are quality assets here. I can see a viable business model down the road. In the meantime it makes sense to monetize some of their non core assets. I will give them 2 years to make some headway. If not I will probably cut my losses and move on. I like the combination of real estate, internet gambling, and unique assets. It seems like the kind of business that can be expanded internationally at low cost. . They are not going to pay out more in purses they just have to do marketing and get the signal carried out there. Imagine a a few million chinese betting on the florida derby. they have 25,0000 domestic betting accounts now. Content providers rule !