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other thing is in the charter they can only be a certain amt of the daily volume anyway so its not that big of a deal.
to not get too specific..manatuck in their charter...one investment can't be more then 10% of there fund and its just over that a week ago because they brought in the shares from pequot
yes. spoke to the company late tonight. lets just say they will be taken out.
Best Buy and ZAGG A Match Made In Heaven
http://seekingalpha.com/instablog/415290-ian-cassel/12315-best-buy-and-zagg-a-match-made-in-heaven?source=new_post
Founding Member of Sony Walkman Joins Board of ZAGG Inc.
http://finance.yahoo.com/news/Founding-Member-of-Sony-bw-2338435376.html?x=0&.v=1
i always thought that too but i bought tons of zagg in october/november/december of last year and it ran hard from october on. Grant it not as much stock to chew through there but the fundamentals were the same.
like i say, Life is too short to diversify
its going to happen this month
yes that be me...can also follow me on twitter...iancassel
basically posted most of my buys in real time
Electronic Game Card: Distribution, Distribution, Distribution.
http://seekingalpha.com/article/146922-electronic-game-card-distribution-distribution-distribution?source=email
What is the most ridiculous is the multiple the analyst puts on the target price. How you can put anything less then 20x on this is laughable, and should be 30x in my opinion. I believe you will continue to see a revaluation of the stock over the next 30-60 days as more news events hit and more institutions start noticing the value in EGMI. I believe we will see $3 by Sept, and $4-5 by year end.
Thanks for that info. The stock at these levels is a gift.
agreed, if today taught us anything ..there are still a lot of idiots in this stock
U.S. manufacturer of cookware, bakeware, microwave, and specialty kitchenware products
stuff for women and girly men
little steps for little feet
i bought 95k today. So only 200k traded outside of us. This is one party i don't mind being early too.
i believe its one of many coming down the pike. i believe wmthecommoner said $3 by Sept. I agree.
Roth Capital Ups Target to $1.75
First QuizCard Distribution Deal Signed; Raising Est's and PT, Reiterate BUY
* QuizCard Agreement. Electronic Game Card announced this morning that it signed an exclusive sales representative agreement with FMM - The Moscoe Group to sell the company's "Know-it-all QuizCards and "iQuizCards to leading retailers in North America.
* FMM - The Moscoe Group. FMM is a privately held consumer products distributor based in Minneapolis, MN. FMM represents a variety of leading consumer brands and has relationships with key N. American retailers with the top six totaling 19k retail store locations. While the company did not disclose individual clients, we believe the likely six categories are Mass market, Consumer electronics, Convenience, Grocery, Airport, and Travel.
* Impact to EGC. We estimate the FMM distribution agreement will add $10-$15M in revenue (7-10M units) and 3-5 cents in EPS in FY10. We anticipate initial orders to begin in 4Q and we are now modeling in $10M in revenue for the company's Education products segment in FY10 to reflect this agreement.
* Raising Ests. We are also raising our FY10 revenue and EPS estimates to reflect the new contract, which was much larger than expected. We were previously modeling in only $5M in revenue for the Education segment. The net increase takes our total FY10 revenue est up to $27.3 million from $21.9 million and our EPS estimate increases by 2 cents from $0.18 to $0.20.
* Reiterate BUY, raising PT. The FMM agreement represents the second meaningful contract signed this month. Recall, EGC signed an MOU with China LotSynergy on June 17th to jointly sell products to the Chinese lottery market. While final terms need to be settled, we believe the China deal could be similar in magnitude. We are taking our PT up to $1.75 (previously
$1.35) to reflect our new est's and we reiterate our BUY rating on EGMI shares.
highly doubtful
this is a buying opp...nibbled on a few more at 1.27, 1.26, 1.25
this deal will add significantly to 2010 revs/income.
This is a very very big deal for Electronic Game Card and highly accretive to EPS in 2010. The Moscoe Group is the largest distributor to Target and also distributes to Best Buy, Seven Eleven, Hudson News, Grocery Stores, and Airports. They distribute and market products for the likes of Sony, Nintendo, JVC, etc.. In a nutshell, the Moscoe Group distributes Fortune 100 company products to Fortune 100 company outlets. It's very big and is something that if mildly successful could increase EGMI revenues and net income significantly in 2010.
cl001:
I also noticed a change in my buying power in my IB account as well. It's almost like i don't have margin at all. If i have no cash in my account and i sell something they don't give me credit (buying power) for at least 24hours, sometimes 48 hrs. Pathetic really.
don't think so hard..it was one of the two..i called and asked.
Merriman Curhan Ford: ZAGG, INC (ZAGG.OB)
Coat-tailing the Success of Best Buy’s Market Share Gains; Reiterate Buy
Investment Conclusion
Best Buy’s (BBY $34.05, not rated) management is targeting 15% of
cell phone sales in the U.S. During its general meeting, the management of Best Buy stated that the company intends to open 40 standalone mobile-phone stores this fiscal year in an attempt to increase its market share of cell phone sales in the U.S from 3% to 15%. This would be a big positive for ZAGG, which is selling its invisibleSHIELDs in every one of Best Buy's stores in the U.S., including the mobile stores. Also, the attachment rate in these mobile stores is better than just the normal Best Buy stores.
Summary
• Best Buy’s revenue contribution for ZAGG could reach $27M per
year over the next 3-5 years, in our view. Best Buy did not provide a time frame for its 15% market share target; however, 15% of U.S. mobile unit sales would equate to 54M units sold (360M in the U.S. sold per year). If we assume that ZAGG gets a mere 5% attachment rate (which we believe is very conservative), that would imply 2.7M invisible-SHIELD unit sales at $10 to ZAGG ($20 retail price), which would imply $27M in revenue for ZAGG per year from Best Buy stores alone.
• Carphone Warehouse (another distribution partner for ZAGG)
has an 11.3% share in Europe. ZAGG is expanding its presence with
Carphone from approximately 800 stores in the U.K. to another 1,700 stores in Sprain, France, Germany and other European countries. With 11.3% market share of cell phone sales, Carphone holds a lot of potential for ZAGG. Recent channel checks with Carphone sales staff showed very positive sell-through at Carphone stores.
• Upcoming catalysts. During the remainder of 2009, we foresee several upcoming catalysts including: 1) the announcement of another major retail chain distribution partner in the U.S.; 2) announcements of distribution deals in Asia; 3) possible distribution deals with mobile carriers for their retails stores (operated and affiliated); 4) the launch of three new products; and 5) potential listing on NASDAQ. The new distribution
deals, along with the expansion of store presence (number of stores and SKUs) with existing partners such as Best Buy, Carphone Warehouse and Target (TGT $40.31, not rated), have the potential to generate 50% upside to our current estimates, in our view.
my guess is we'll see something Tuesday. Then a bunch more over the next 60 days.
won't be coming this week so you'll have plenty of time to think over the weekend.
more clarification
an email went out yesterday AM that basically said "SELL EGMI" from Agoracom and gave no reasons except that the stock was up 100% when they sent there "BUY EGMI" email. Pathetic. But thanks for the opp to buy more.
yes...good job to all of us. A special thanks to the Agoracom email that went out that spurred the dump.
adding here
Apple announced Monday that it has sold more than 1 million iPhone 3GS models since they went on sale Friday, June 19, 2009.
thanks for clarifying that
Roth report was fine because it did give clarity to a 1 sentence 8k since they obviously talked to the company before putting that update out. The price target is meaningless...putting a 10x multiple on this is just amateurish.
Roth Capital Update
Electronic Game Card Expanding into China
n Signed MOU with China LotSynergy. Electronic GameCard filed an 8-K yesterday disclosing that it signed an MOU with China LotSynergy (8161.HK) to partner together to deliver lottery products to the Chinese market. We believe the MOU represents one of two large agreements that mgt eluded to on its 1Q conf call.
Background on China LotSynergy (CLS). China LotSynergy is a Hong Kong listed company principally engaged in the supply of gaming equipment to the China Welfare portion (~50%) of the China lottery market. We note that CLS has also partnered with some of the largest gaming equipment suppliers in the world including IGT and GTech.
China Lottery Opportunity. According to various reports the legal China lottery market generated ~$15 billion in sales in 2008, while illegal forms of lottery are estimated to be ~10x this amount. We believe the Chinese government's latest efforts to crackdown on illegal lottery operations (effective July 1st) should help drive further interest and growth in the legal
lottery going forward.
Impact to Electronic Game Card. The company did not disclose any
numbers as it still needs to negotiate final terms and sign a definitive agreement. However, clearly the opportunity is sizable (i.e. +1M units) considering the market size and the govt's pro-growth stance. We look for the company to sign a def agreement in Q3 with potential sales staring in 1Q10. We will update our est's following the signing of a def agreement
and greater clarity on the timing and impact of the opportunity.
Expect more deals, reiterate BUY. We believe the company has a
number of pending contracts cutting across each business segment:
Gaming/Lottery, Promotions, and Education. Based on today's filing and increased deal flow we are raising our PT from $1.15 to $1.35 and we reiterate our BUY rating on EGMI shares.
Shares of EGMI currently trade for 13.3x and 10.3x our tax adjusted FY09 and FY10 EPS estimates. We note the peer group of gaming equipment suppliers now trade for 17x and 13x CY09 and CY10 estimates, respectively. Our new price target of $1.35 (previously $1.15)is based on an 12x multiple to tax adjusted CY10 EPS estimate.
it is def 1 of the 2. And bigger then anyone here realizes.
march 2010
Very dynamic and important new growth for the company. Excellent alignment of complimentary partners with China LotSynergy with EGMI, IGT and GTECH. Think about it strategically what this means moving forward on USA partnership in Lottery entities/ partners, other Asian Pacific, and Europe regional partners. Good timing in China's movement in Lottery market.
China has made aggressive plans for their welfare lottery system which is currently $15billion with plans to grow by 50% in 2010.
We now are tied to the only china lottery player who is also tied to IGT (largest lottery player in the world) and GTECH (a close second).
CLS is an established leader in lottery technology in the fast growing Chinese Lottery market, with extensive local expertise, established contracts and approval in 13 Chinese provinces. The company is currently valued at over 2.22 billion Hong Kong dollars ($286 million USD) and listed on the Growth Enterprise Market of the Hong Kong Stock Exchange (stock code: 8161). The stock was added to the list of constituents of MSCI Hong Kong Small Cap Indicies, effective May 31, 2007. CLS has already entered into a Joint Venture with (“GTECH”), a wholly- owned subsidiary of Lottomatica, S.P.A. ( the largest lottery company in the world based on market capitalization) and CLS also has a subscription agreement and a technical cooperation agreement, under a strategic alliance with International Game Technology (NYSE:IGT). Through this IGT strategic alliance, CLS Group is able to access the advanced gaming technology and systems of IGT for its business expansion in the lottery market in China including a game library, systems, thin client solution and internet for China.
China LotSynergy is the ONLY lottery player in China
Win or lose, China LotSynergy (CLS) makes it easier to play the lottery in China. Established in 1999, the company invests in, develops, and markets its consultancy services to the public welfare lottery business in the country. CLS manufactures software (including source codes) and hardware (sales terminals, etc.) used in video lottery and instant lottery through Tabcorp International Hong Kong, a joint venture with Australian firm Tabcorp Holdings. CLT is developing China's first nationwide high-frequency lottery system, known as KENO. It also created a horse-racing betting system for the Beijing Tongshun Jockey Club.
Key numbers for fiscal year ending 2007:
Sales: $39.7M
One year growth: 333.5%
Net income: $31.5M
Electronic Game Card, Inc. (OTCBB: EGMI) (“EGC”), announced today that it has completed a confidential Memorandum of Understanding (“MOU”) with China LotSynergy (“CLS”) to partner together to deliver EGMI lottery products to the Chinese market
http://www.sec.gov/Archives/edgar/data/1083036/000114420409032997/v152634_8k.htm