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News Focus
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blademan

12/02/10 1:12 PM

#35568 RE: Taber #35566

That is very conservative. We are waayy undervalued here. Thanks!
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fobboy

12/02/10 1:13 PM

#35570 RE: Taber #35566

you're confusing revenues and earnings. If you want to talk about earnings, you have to calculate in expenses.

How do you even know they're earning money daily? If you want to see a similar financial statement with the actual numbers, go check out CGAQ's f/s. They have a similar type of business in a similar location. They're losing money on operations daily.

And why are you calculating EPS using float? you need to use O/S.
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dayadog

12/02/10 1:22 PM

#35580 RE: Taber #35566

earnings divided by O/S times a multiple. casinos multiples are low right now but startups will get higher multiples.

you can use a 10X earnings per share to be safe, some might say 15 but right now the overall industry has a low multiple.
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TradingSW

12/02/10 1:53 PM

#35586 RE: Taber #35566

Taber, didn't the Guru say that he thought the pps short term would be .0235 so your math looks pretty good.