Electronic Game Card, Inc (fka EGMIQ)

[riskanalyst]

I look at it this way. Currently the stock is undervalued and growing. We want it recognized for at least some of the growth now, since it trades at approx 8x fwd 2009 earnings. Maybe when it has a large quarter and it blows away expectations it will get that growth PE. Right now it has been meeting its expectations and they are high at a 40% growth rate. So in the end, I will sit patiently watching the company execute and qtr after qtr as its earnings grows the stock will look more undervalued and the share price will appreciate. In the end if the company continues executing this is a win-win. I'll either get recognition of the growth and stock explodes, or earnings will grow and the stock will catch up. Given the company has a proprietary product, I feel they definitely have room to grow.

Have a great 4th EGMI'ers.