PHXI is looking good short-term... on-line wagering is supposed to start next week according to Jim Tilton's interview on CEOcast.com yesterday. He's looking at a race track acquisition possibly by end of first quarter 05. He expects approx 4% profit from on-line wagering--he considers it "quite lucrative".
It'll be interesting to see how the market responds--I hope for much higher than these current prices. Only about 30 to 35 million shares in the current O/S (not sure of the exact number, but still low at this point).
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