Global Axcess Corp. (fka GAXCQ)

[iancassel]

Global Axcess Corp (GAXC): A Mini Coinstar

http://bit.ly/2EEkJo

Conclusion:
My 2010 estimates remain very conservative as I’ve not included any ATM wins for the rest of 2009 and 2010. In 2010 I believe the company will grow revenues by 20% to $25.5 Million while growing net income 110% to $0.16 EPS. My expectations are based on 5% growth in ATM business (business already announced) accompanied by a modest roll-out of DVD Kiosks starting in March 2010. The company is also looking at other Kiosk opportunities that if materialize could also boost 2010 performance. The company is currently trading at 9x 2009 EPS, and 4x my 2010 EPS estimate.

My average cost basis is around the current price $0.75