I took a 500 share stake in this firm a few days back. The company is behind EverestPoker.com and has posted strong fundamental results, showing revenue increases, YOY of about 25% in growth. The firm also reported a 44% increase in net income. The stock is selling around $6.80 and has about $1.35 in net cash per share, representing about 20% of the stock's value. The balance sheet is very rich, with only a tiny bit of short term bank notes, for debt. However, even with these solid fundamentals, an article was released today highlighting the main reason why I bought it - it will probably be bought in the next 12 months. Online-casinos.com confirmed my thoughts and released this about 6 hours ago.
http://www.online-casinos.com/news/news8539.asp
There is another takeover candidate I am buying but want to build my position bigger first, before I post.
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Wow! RF, I need your options expertise on some S&P option plays, get my e-mail?
ReplyDeleteYes, I will make some bets on the S&P soon and post. I got you back, lata bro
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