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Nevada Gold & Casinos Inc. Message Board

  • cheapreward2012 cheapreward2012 Mar 6, 2013 2:17 PM Flag

    Anyone care to share their thoughts on UWN?

    I'm looking to buy in to UWN, but I was hoping to get some thoughts from the other investors before I jump in. Is there anything I should know? What are we expecting from the report on the 12th? Any breaking news, pending lawsuits, excessive debt, skeletons in the closets, etc etc?? All thoughts are much appreciated. Thanks!

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    • Contrary to some of the BS posted here, UWN has made great progress over the past couple of years by any objective standard. Fiscal 2012 revenue was 55 mil vs 22 mil in 2010. Not exactly "stagnant" as one poster described the company. The company has also made strides in improving it's balance sheet and has much better credit. Look at the banks it is working with now vs the "banks" it was working with a couple of years ago.

      This is a company that is generating decent cash flow. They recently bought a slot route so they are still picking up "crumbs", although it's not a bad thing that they are cost cutting and improving existing operations. They also have some hidden assets, such as substantial Indian casino loans that have been written down to zero due to project delays but may in fact have substantial value if projects come to fruition.

    • I believe the 3rd quarter is a slow one. Maybe a small loss?

      Since it seems they are in cost cutting mode, I think this whole year will have a lack of news ....hopefully turning profitable towards the end. I guess I'm not real excited. I wish we had a washington resident in here who could go into the casinos and see if there is any signs of life.


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