AG&E Holdings Inc. (fka AGNUQ)

[timhyma]

I'm surprised the pps held after the report:

WGA) announced net sales for the fourth quarter ending December 31, 2011 were $9.2 million, an increase of 19 percent from $7.7 million for the fourth quarter 2010. The Company reported a net loss for the fourth quarter 2011 of $(180,000) or $(0.02) per share which was the same as the fourth quarter 2010.

http://finance.yahoo.com/news/WELLS-GARDNER-REPORTS-FOURTH-thomsonreuters-1301137807.html?x=0

"The Company had good results after adjusting for non-recurring charges and credits," said Anthony Spier, Wells-Gardner`s Chairman and Chief Executive Officer. "Net earnings before adjustments were a little over $1 million for fiscal 2011 an increase of 36 percent compared to $762,000 for fiscal 2010. The earnings increase was due to excellent cost controls. The litigation expenses were from two law suits that have been settled."

"The balance sheet continues to be a strategic strength for Wells Gardner. Debt at December 31, 2011 was under $1.1 million. Debt increased approximately $500,000 from December 31, 2010. The Company`s debt equity ratio is now 7 percent at year end 2011 compared to 4 percent at year end 2010 and 70 percent at year end 2006."



Outlook

"Following the awarding and signing of the central communication system contract by the Illinois Gaming Board, the Company is currently estimating that the Illinois VGT business will begin late third quarter 2012."

"We anticipate 2012 sales of between $60 million and $70 million compared to $42.9 million in 2011."

"The Company is developing several new proprietary products that we expect will contribute to improved sales and margins in 2012. We will continue to aggressively control costs, inventory levels and interest expenses."