small investor looking for big life changing gains
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Looks like it's ready to sizzle now.
My question is, who the heck is selling PFHO if everyone posting here knows that the stock looks very depressed? Something ain't adding up, except for my losses.
Thanks for sharing your thoughts. I wish I had something to contribute. Many people have said on this decline they were thankful to get stock at $45, $35, whatever, but they suffer along with us longs. The low today meant a 50% loss in like a month, it puts the fear of God into anyone.
Waikikian, you have been here for a long time. Do you think this is an over reaction, or is there something more that's rotten here that we don't know about?
My worry is that the chart is as bad as one can get, the comps coming up are going to be negative, and even at these prices, there aren't many bids. Cheap is cheap, but I don't see what will propel this stock anywhere unless they sell out or something.
Thanks for your thoughts.
Signed,
Reluctant hold.
Agreed. Market cap is very low for a profitable company. A couple quarters may being better clarity. But that is like generations for stock investors nowadays.
I think investors with PFHO are saying it is almost analogous to buying a house and seeing the fist termite. You know something is eating it, but you don't know how bad the wood really is.
Don't get me wrong, I'm a huge fan of PFHO, but I'm questioning keeping any shares at all now. I also don't like the fact that their PR has almost nothing in it, no CEO comments, no guidance there. Seems to be even scaring any bottom feeders away :(
Thanks Odd, for the insight and post!
I can't imagine that PFHO earnings could be even 1/4 as bad as the stock has performed lately. But for me, if it's another negative surprise, the remaining stock I control gets blown out at the market. I can't believe I'm saying that, but I've lost my patience, and I think others know more than we do, or, have had enough as well.
Anyone want to shed light on this client loss? How big if not who? Or is this more speculation?
I have to admit, even I am losing my PFHO fan-hood. Chart is not just broken, it's blown up (or shall I say down). Not going to be easy finding people wanting to go into this thing if sales really do get kicked down with a chart like this. Seriously, $20.25?
Hopefully CTIX is working on things that work better than the hair tonic your avatar has been using :) Sucks.
My guess is that a lot of people who were pro-PFHO, they either have all they want, or my guess is that some of them sold or are selling.
The company seems to be doing everything right, but I'm 1/2 a country away so who knows if someone closer sees something I can't.
I must say, the way this stock is being traded is disappointing. But if you look back, one of the bashers here was crowing that there would be a Wells notice, that never happened, nor will BK.
Fizzle? Fizzle? Can't break below 30~
Tight float/os. could be a turn around story.
I bailed, and will stay out forever. Hope it works for the longs, but there was no reason for them to dump shares at 3, and give the shaft to those that bought 4+. Stock offering at that price seems desperate, and give me no confidence in management. JMO, but will be happy for longs if this works out.
Congrats to Mike - nice that his thoughts are shared with this board and elsewhere. Success begets success.
Nice volume and price persistence on a weak day. Looking forward to the end of month earnings release and conference call. Long live the believers :)
Nice volume today. Seems to be buyers for those big blocks. Should know more from the company at the end of the month when they release and have conference call. Count me as a holder/buyer
Company has the financing in place for the acquisition. Don't know why it's not trading at new highs. Guess we will have to wait till the overhead is digested.
That's one reason that I like the deal too. Good point.
That's right. Don't know why anyone is selling as aggressively as they are here, but this shareholder is positive.
My favorite stock. Look at some other casino stocks that started at these prices and where they are now. It's a bet I like.
Mick,
I don't think they paid too much, since it adds to earnings immediately. If you look at the SEC filing, they have as an exhibit where it spells out the deal.
Interestingly enough, I looked at Yahoo's message board on UWN, and there seems to be some idiots there. One of them question whether the deal includes the property (it does) and if the stock that is issued will be restricted (it will be).
My view is that this is great for UWN. It gets them into NV, and gives them even more experience from the seller. A quick google search of the seller shows he owns other casinos, and, well, look him up and you can see he isn't a two bit player.
My hope is that UWN becomes a consolidator of other casinos. Management has way too much experience to keep this thing small for very long, at least that's the way I see it.
I own quite a few shares here, and don't see myself selling any, not sub $4 unless something comes up. I'm not a professional analyst or anything like that, so, I'd love to hear your thoughts.
I might sound like a dirty girl, but somebody needs to slap our ask... LOL
Oh, yeah, the casino that they are buying looks really nice on their website. I'll have to go there sometime.
What I like about this, beyond being immediately helpful to the bottom line , is that the seller will remain as a consultant. A quick google search shows that the seller is very active in this market owning several casinos in NV, and I think will add even more value to UWN.
Looks like management wants to bring this up a few levels. These folks have a lot of experience in much larger organizations, something that gives me lots of confidence.
UWN: Nevada Gold & Casinos to Acquire Club Fortune Casino
Date : 05/22/2015 @ 4:44PM
Nevada Gold & Casinos, Inc. (NYSE MKT:UWN) today announced the signing of a definitive agreement to acquire the Club Fortune Casino in Henderson, Nevada for $14.2 million in cash and 1.2 million shares of the Company's common stock, exclusive of working capital adjustments. It is anticipated that the acquisition, which should be immediately accretive to earnings, will be financed with an expansion of the Company's existing credit facility. Closing is subject to customary contingencies, including approval by the Nevada Gaming Commission.
The acquisition of Club Fortune will expand the geographic diversity of the Company, which upon closing will operate in Washington State, South Dakota and Nevada. The Company anticipates the closing to occur in the third quarter of its 2016 fiscal year ended April 30, 2016.
"This is an outstanding opportunity to acquire a quality casino operation with excellent growth potential, an experienced work force and a dedicated clientele," stated Michael Shaunnessy, President and CEO of Nevada Gold & Casinos. "We are especially pleased that Carl Giudici, owner of Club Fortune, with nearly 29 years of experience with Nevada casinos, will continue his involvement with the Company as a consultant and shareholder."
"I have been very impressed with the capability of management and the Board of Directors of Nevada Gold which was a major factor in my decision to sell the Club Fortune Casino to the Company," said Carl Giudici. He added "with this acquisition, Nevada Gold has established a solid foundation for future growth and success which should benefit all shareholders, including myself."
Club Fortune generated $16.0 million in net revenues and $2.4 million in Adjusted EBITDA in 2014. It has approximately 25,000 square feet of gaming space, over 500 slot machines and 12 table games, including a poker room. The facility also has a restaurant, two bars, an entertainment lounge, snack bar and gift shop.
Adjusted EBITDA
The term "adjusted EBITDA" is used by us in presentations, quarterly earnings calls, and other instances as appropriate. Adjusted EBITDA is defined as net income before interest, income taxes, depreciation and amortization, non-cash goodwill and other long-lived asset impairment charges, write-offs of project development costs, litigation charges, non-cash stock option grants, exclusion of net income or loss from operations held for sale, and net losses/gains from asset dispositions. Adjusted EBITDA does not take into account greater or less than expected hold percentages in the gaming operations. Adjusted EBITDA is presented because it is a required component of financial ratios reported by us to our lenders, and it is also frequently used by securities analysts, investors, and other interested parties, in addition to and not in lieu of, U.S. Generally Accepted Accounting Principles ("GAAP") results to compare to the performance of other companies that also publicize this information. Adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as an alternative to net income as an indicator of our operating performance or any other measure of performance derived in accordance with GAAP.
Forward-Looking Statements
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain additional gaming and other projects. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.
About Nevada Gold & Casinos
Nevada Gold & Casinos, Inc. (NYSE MKT:UWN) of Las Vegas, Nevada is a developer, owner and operator of 10 gaming operations in Washington (wagoldcasinos.com) and a slot route operation in Deadwood, South Dakota (dakotaplayersclub.com). For more information, visit www.nevadagold.com.
CONTACT: Nevada Gold & Casinos, Inc.
Michael P. Shaunnessy / James Meier
(702) 685-1000
Casey Stegman
Stonegate Capital Partners
(214) 987-4121
Thanks for the post! THIS IS WONDERFUL NEWS!!! You just made my weekend.
With management as experienced as we have here, I think we are going to be super surprised with what they can do. Didn't take long, and I'm glad I'm long!
This report that came out yesterday calls UWN UNDERVALUED. Good read, and right on target IMO:
http://www.capitalcube.com/blog/index.php/nevada-gold-casinos-inc-strong-price-momentum/
Another nice day with good buying pressure. I love this stock!
UWN may just be warming up, if it's even on the stove yet. I don't think today's move was because of amateur buyers. This was some nice money going in today. GO UWN! :)
Huge volume and nice move with no news. I'm not a pro analyst or anything, but I would say that with the blocks of stock moving above $2, it is under accumulation. Why not? Still has a very reasonable P/E, close to book, and improving fundies.
Someone or group wanted in and weren't concerned with price. Just imagine if something amazing is announced or something. I wanted to buy more under $2 and thought I might have a week to do it --- blew away a 25,000 block at $2 in like the first couple minutes. My goal long term - $6-8+++. So, I can always up my bids I guess.
There are a lot of things swirling around EGAS. The company had a buy-out offer when the stock was much higher, management needs to answer to shareholders why we should have stuck with management while the monthly dividend was changed to a quarterly dividend and the stock has fallen significantly.
I own it, but I have lost confidence in management. If they can't turn it around quickly, sell it.
SLGD, been following this one for decades (really). Management has been challenged by several large holders over the year, but they are expanding, and have done some balance sheet fixes and are growing earnings nicely. I own a small amount of shares sub $1.
This board looks at many stocks I own or have own. PFHO, SLDG, EACO, used to own USNU a long time ago. Someday, maybe UWN?
Couldn't agree with you more my UWN friend. Friday's action was wonderful, some big blocks were offered and the market snarfed them up nonetheless. In a sentence, we have a growing profitable company, with improving balance sheet and experienced management from larger companies, which could have a game changer event. It's a run on sentence, fit for a company that will run on.
New 52 week high. Nobody hyping it, I love it. Just think if all that management experience ends up unlocking value. I got a nice chunk, was looking for a bigger one, but still under $2, value is here, all IMHO.
Gettin' close to that 1.81 high. Maybe the share dump that took this below $1.60 is over and digested? A+++ stock IMO
10Q should be out this week. Am surprised as anyone at the stock price and low volume here too.
Hard to say what is keeping this down. That big 300k share day last week probably dislodged some stock into market maker/day traders hands, but it seems to have rebounded well, and once the market finds out that there aren't more shares coming onto the market, we may then move higher.
I've picked up a big block of it, and am hoping to at least double what I have, hopefully at prices around here or lower.
As the queen of the lonely stock board club, I am glad to see you've found this. PFHO, EACO and UWN are my pride and joys, even if I can't find anyone to share them with. Nice thing though, you can amass a nice position while nobody is watching. Good luck here!
Looking at their investor presentation, depth of management credentials in this industry, you would think they had the talent to run a $300 million dollar+ enterprise. If they can do some acquisitions or something, they might make this a premier stock. I like what I see here, and am patient enough to ride this out.