Replies to post #4432 on Electronic Game Card, Inc (fka EGMIQ)

[riskanalyst]

Roth finally coming around. They upped the multiple. Wait until they come to their senses and get where we are.

[Rawnoc]

I guess $1.60 is "cheap" after all, considering how massively conservative ROTH is.

[SAMNOTSAMUEL]

Their 2010 estimate as if fully taxed looks to be 13 cents.

No discussion on the estimate really except for the 10% ... . The company hit the topic pretty lightly.

There is no estimates for all the separate known components put together much less the unknown possibles.

The company seems obviously confident that they can make a tax adjusted 13 cents. If this target is modestly exceeded and a trailing pe of 20, maybe $3.00 at end of 2010.



sam

[Chance To See]

Thomas & Friends in the U.K.

ROTH: “Mgt also expects to ship Thomas & Friends Educational GameCards to international customers in 4Q with U.S. sales likely to follow in 1H10.”

I’m hoping/assuming that Todd Eilers is correct. Presumably he talked to the company after the cc and got this straightened out with our likeable but somewhat muddled CEO. It was a bit worrisome when Kevin indicated that they might miss the Christmas selling season in the UK (the only place where they currently have a Thomas license as far as I know).

KEVIN IN THE CC OPENING REMARKS (about minute 19:20): “The third and last vertical market, our area focus. This is a $2.2 billion global market and growing, which is education. To our knowledge there are no interactive learning system products at the affordable $10 to $12 MSRP retail price points. We’re confident we have a category buster here, as an on-the-go, entertainment-style game card product based upon our early responses from our European B2B network’s reaction to our Thomas & Friends branded education game card. I invite you to visit our website and test this product online for yourselves. It’s contained within the education section at electronicgamecard.com. Currently there are several gold standard brands in education publishing and education media in review of this new product offering at electronic game card. We expect the first cards to be shipped only in the U.K. either later this year or first quarter 2010.”