I am not a financial wizard, and don’t pretend to be – I simply enjoy playing with numbers and seeing what happens.
ALL OF THE FOLLOWING IS SPECULATION:
FOR THE PESSIMIST:
800 Billion (casinos worldwide)*5% (get hold of 5% of the casinos) 4535 casinos*5%=226 casinos (keep in mind it is not the casino quantity, but the casino quality more or less
=40 Billion*8% (cause an 8% increase)
=3.2 Billion*8% (allowed to keep 8% of the increase)
=250.6 Million revenue*3% actual earnings (net income) of this revenue
=7.52 Million earnings*the casinos and gaming P/E ratio (33.10)
=248.9 Million Market Cap
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300 million shares outstanding
=.83 cents a share
FOR THE OPTIMIST:
800 Billion (casinos worldwide)*15% (get hold of 15% of the casinos) 4535 casinos*15%=680 casinos (keep in mind it is not the casino quantity, but the casino quality more or less
=120 Billion*10% (cause a 10% increase)
=12 Billion*12% (allowed to keep 12% of the increase)
*=1.44 Billion revenue*8% actual earnings (net income) of this revenue
=115.2 Million earnings*the casinos and gaming P/E ratio (33.10)
*=3.81 Billion Market Cap
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300 million shares outstanding
=12.7 dollars a share
*I really could make a case to be more optimistic, but I think you get the picture.
*Also, the shares outstanding is currently at around 84 million according to pink sheets website – do you think they would get higher than 300 million?
*Hmm, some of the stocks with a around the 3.81 Billion Market Cap in the casino & gaming industry: Harrahs, Las Vegas Sands, Mirage, International Game Tech, Boyd Gaming Corp, Ceasars Entertainment, Station Casinos, Wynn Resorts, Kernzer International, Scientific Games Corp
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