Monday, June 8, 2009

GIGM - Do or Die!

(Source: Sterne Agee)

Finally, the time as come. Tomorrow morning GIGM will release earnings and I pray that this company will blow earnings out, so I can dump this P.O.S. stock. Above are the company's estimates and the proof is in the numbers, the stock is cheap. After CYOU reports, the stock went from $25 to $40 in about a week, so something similar may happen with GIGM. Here is what I am looking for on the release or conference call:

1. Their view on china on-line gambling for 2010 (in terms of % growth)

2. Updates on regulation centered around on-line gambling

3. Revenue actuals vs. estimates

4. EPS actuals vs. estimates

5. FY reaffirmed or upward adjusted outlook

I hope the anlayst who downgraded this company eats a pile of crow because I think the stock is worth $8.50 but investors need confidence and proof.

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