I agree with Doc. The business will grow nicely on an organic basis with the cash generation. Are we complaining that the insiders are not selling? I always thought it was a bad thing seeing insiders sell. It is always hard to see your stock unloved by the market - all of the cinese stocks fit that catagory at the moment, but as long as you are convinced that what is reported is right ( I am) - then it impossible to believe that this stock is not worth alot more than $7. Patience is a virtue.
I picked up another 7,000 shares today around $7.33.
I still like AERL on the basis of: big picture fundamentals, massive cash generation (a license to print money), operational simplicity, significant tri-interested party (Macau tax authorities, Casino staffing, and AERL management) daily control of operating performance.
Understand the history of the industry very well - including its less than perfect elements. But, this background actually provides further opportunity to AERL in my view.
We'll see - still think 2011 and beyond will be tremendous years for AERL as Macau continues to growth strongly.