To: callme who wrote (77 ) 1/28/1999 7:41:00 AM From: Gator Respond to of 616
Callme, WINR, once it breaks thru $3, could make it's way to at least $5, assuming they become fully reporting. I don't see them going to $30 like WCTI yet, mostly because on-line gambling stocks tend to trade at somewhat of a discount since on-line gambling in the U.S. is still cloudy (like a pharamceutical company getting drug approval in Europe, if it doesn't have FDA approval nobody seems to really care). Still concerns me a little that they come out with good news and the stock still has as many sellers as buyers. As far as gambling stocks, WINR seems like a pretty good gamble. AETI - still a little early for this one. No financials, no news. Stock has already run up in anticipation of the FIPS 140-1 certification, I bet it sells on news. ETPI - 3rd qtr/year-end results (this year had only 3 qtrs since they are changing their fiscal calendar to end in Sept) should be out shortly. They'll show a loss. Company needs to pick a direction and go in it. They're trying to be good at 5 things at once, without having the financial or managerial clout to do it. Personally, I'd like to see them at least sell off the restaurants and pour that money into one of the other divisions. Too many shares outstanding too. 30 million shares out, makes it hard to get to $0.10/share in earnings ($3 million net income) when they're barely breaking even now. 1999 will be a key year for them, especially 2nd thru 4th qtrs (ending March thru September). I'd like to see them get up to a buck and hold for a while, but there's a lot of Rule 144 (restricted - 1 yr) stock that will be hitting the street soon (from the acquisitions from last year and I'm sure former PR guys (3) got restricted shares for their services). So that will be a hurdle to clear as well. Still, I'm a supporter of the company and am still holding restricted shares that they gave to me as well. Gator