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

To: upndn who wrote (6579)	1/21/1998 3:34:00 PM
From: Shawn Erskine	Respond to of 10368

Is the blood running in the streets yet? Do we have a wall of worry tall enough to climb? Is everyone convinced management is inept? Could this thread be more negative? Has management succeeded in driving away all the "loyal" stockholders? If so, it is probably time to pick up a few shares. Shawn

To: upndn who wrote (6579)	1/21/1998 3:49:00 PM
From: freeus	Respond to of 10368

No NO not go broncos, the market will go down!!!! VVVBG Freeus

To: upndn who wrote (6579)	1/21/1998 6:18:00 PM
From: Nittany Lion	Read Replies (1) \| Respond to of 10368

Jim, This was the post I was referring to earlier - I don't think the person's name is important but I will say that it wasn't you with or without the Full Sail Special Ale. (ggg) We have at present 20 bingo centers but management has stated goals of 70 by year end. yearly profits vary from $150,000 / hall in South Carolina to $175,000 / hall in Alabama to $50,000 / year in Texas. Those figures include the concessions and other. But it can be reasonably assumed that management will not expand in Texas and will seek bingo centers that offer the best returns so $150,000 could be accurate but shade it a bit to $125,000. You could get $8,750,000 just from the management estimate of 70 halls by year end 1998 but 50 of those are to be added from the present base of 20 so you need to average the acquisitions over the year. The Average then equals 45 for $5,625,000 from Bingo operations. Video Gaming (we previously have decided to accept the state averages as we will move closer and closer as we aquire more machines). The Nov. Power Point presentation says that the state average is $6000/year pre tax after expenses (BNGO averaged over 8K/year with 3rd quarter figures by my calculations). We will start next year with 700 machines and we have a short term deal in the works for a couple hundred more so we could start 1998 with 850 or more. We should add at least another 300 over the coming year for an average of 1000. That gives a pre tax profit of $6,000,000 from video gaming. reducing that by $1000/machine for the expected state tax that will be added in the second half, but may not be added until 1999 and you end up with $5,000,000 The two togeather = $10,625,000. BNGO can expect taxes of 38% on that for $6,640,625 post tax profit. That gives an EPS on 10,000,000 shares of 66.5 cents or very near a 50% increase in EPS only this time it is after income taxes and after the increase in video gaming taxes that may not be imposed until 1999, but probably will be imposed on July 1st. I was working backwards in coming up with the $40 million estimate as that's what it would take to produce $10 million net (assuming 25% net income to sales ratio). This is not an estimate on my part and is reprinted for information purposes only. Gary