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Thursday, October 08, 2015 10:22:04 AM
And this is probably a very low ball estimate for a lot of reasons.
1. I have assumed every new license is of the smaller 5K per month variety. (unlikely)
2. It is assuming there will be no new licenses added other than the 24 that are known about. (highly unlikely since they have gone from 12 to 24 in a short period of time)
3. A lot of the smaller 5K per month licenses move to 10K after a period of time so some of the older licenses will be doubling.
4. This doesn't include any amount for lawsuit winnings from Detroit Scores. just 5K per month in 2016. I suspect they will win a judgement and cash infusion.
5. A lot of the amounts are based on last q's revs which a couple underpaid like Houston and the much lower than usual number amount from NY and the Scoreslive.com website.
I suspect SCRH will do over .01 eps in 2016, add a ton of cash to the balance sheet, and end up with still more growth going forward.
A rare opportunity to buy a stock for long term capital gains of hundreds of percentage points where the outcome is known because they tell you exactly how much the monthly income is for each licensee and costs are fixed.
I don't know what people are waiting for. It will be discovered at some point and this high growth, no debt, juggernaut will not trade at a p/e below 10 forever.
Of course there is always the chance I could be wrong and it could be another NGHT but the difference in my eyes is management, fixed costs, and known revenue amounts.
In it to win it!
Otcbargains Undervalued Penny Plays
http://investorshub.advfn.com/Otcbargains-Undervalued-Penny-Plays-23198/
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