Value Microcaps Motherboard

[micham2012]

UBET:

UBET is a leading provider of online horse race wagering. Significantly, in its public filings, the company has stated that it "believes that its Internet-based platform could easily be modified to accommodate wagering on other live events such as car racing, soccer and football."

The stock is up about 15% since we started the Pick Six contest, and my guess is it will continue to do well during the next month in anticipation of good Q2 earnings. The company last gave guidance in April, and subsequent PRs re handle during the triple crown season suggest that the guidance was conservative.

This is clearly a growth stock, and it has a hefty PE. My sense, and certainly my hope, is that the company is getting out ahead of the competition, and readying itself to be a leader in response to a development that, sooner or later, seems inevitable -- the legalization everywhere of online wagering on live sports events of all kinds. If Q2 earnings are good, I plan to add significantly to what is already (for me) a respectable position in the stock.

http://www.investor.reuters.com/CompanyOverview.aspx?ticker=UBET&target=%2fstocks%2fquickinfo%2f...

Steve