AG&E Holdings Inc. (fka AGNUQ)

[timhyma]

Outlook:

"The Company is currently estimating that the Illinois Video Gaming Terminal business will begin in the third quarter 2012. We expect that sales for the full year 2011 will be in the range of $43 to $45 million, compared to $45.7 million in 2010, as the worldwide gaming slot machine market remains sluggish. Fourth quarter sales are expected to increase from prior year sales of $7.7 million by between 20 and 40 per cent however earnings will continue to be affected by spending for the Illinois VGT market without 2011 revenue. We expect Company sales will be in the range of $60 to $70 million in 2012 as the Illinois Video Gaming business gets started. We will continue to aggressively control costs, inventory levels and interest expenses."

As I stated in an earlier post- going to take 2-3 quarters to get the VGT revenue going, but should be in a sweet spot after that, imo.