EGMI continues to be one of my favorite holdings and I expect it to be a multi-bagger from $0.365 where it last traded. Here are some reasons why:
1. EGMI has rapidly been growing revenue and earnings. This is expected to continue as they have guidance for diluted EPS of $0.10 for 2008 and $0.14 for 2009. 2008 earnings guidance was reaffirmed on 10/31/08. http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=31304483
2. EGMI recently signed a five-year licensing agreement for distribution into Native American Indian-owned Casinos and Lotteries. It implies approximately an additional $0.02 in pre-tax earnings for 2009. This may not be factored into the guidance identified above. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32191035
3. Recently, Lord Steinberg has been appointed as Executive Chairman of the Board. He has a very impressive background in the gaming industry. His contacts and industry experience are likely to expand EGMI's growth. http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=29832911
4. EGMI has an investment in a mobile phone company that may provide a sizeable gain as they have plans to IPO in the near future.