EGMI continues to be one of my favorite holdings and I expect it to be a multi-bagger from $0.365 where it last traded. Here are some reasons why:
1. EGMI has rapidly been growing revenue and earnings. This is expected to continue as they have guidance for diluted EPS of $0.10 for 2008 and $0.14 for 2009. 2008 earnings guidance was reaffirmed on 10/31/08. http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=31304483
2. EGMI recently signed a five-year licensing agreement for distribution into Native American Indian-owned Casinos and Lotteries. It implies approximately an additional $0.02 in pre-tax earnings for 2009. This may not be factored into the guidance identified above. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32191035
3. Recently, Lord Steinberg has been appointed as Executive Chairman of the Board. He has a very impressive background in the gaming industry. His contacts and industry experience are likely to expand EGMI's growth. http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=29832911
4. EGMI has an investment in a mobile phone company that may provide a sizeable gain as they have plans to IPO in the near future.
11/4/08 update...GOBBLE GOBBLE STOCKS....market has given out some amazing opportunities in the pennies for huge potential paydays. Stocks to consider to GOBBLE up before Thanksgiving IMO and hold for early 2009 IMO.
Some stocks I've been accumulating and links to my latest thoughts. Any stocks on this list means that I'm still accumulating.
My reasoning forthcoming still for TSTA. This list is not complete of everything I have, and obviously I'm not equally weighted in each one as some I have a LOT of money in while others I have very little, depending on my analysis of the risk/reward situation. The list is in no particular order.