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Lakes Entertainment, Inc. Message Board

  • smaycs4 smaycs4 Jan 19, 2014 9:26 PM Flag

    Anyone want to guess at a reasonable present value of the Jamul news ?

    How long could it potentially take to pay LACO off ?

    Seems like the sum of all parts is well above the stock price but nobody seems to want to talk about it.

    I have a number of posters on ignore however because they are clearly full of #$%$.

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    • Quite obviously zero until there is an operating casino starting in 2015. But also there are lenders out
      there who will deep discount any note. LACO would be better off taking the 4.25% interest until the
      payoff when and if it happens. 60M times 4.25% equals 2.5m yearly. This is a yearly increase of
      10 cents per share. Profits in casino companies are a rare commodity these days.

      Sentiment: Strong Buy

      • 1 Reply to tobydoginhs
      • Well, $66 million =$2.49 per share.

        If we discount that by, I don't know 10% for 4 years, that gives us a present value of $1.63.

        Add that to the $4.92 book value that I calculated a few months ago and that=$6.55 per share.

        Yet the stock is at just $4.75 reflecting serious doubt as to what Lyle might do with our money.

        Im not counting the 4.25% because that will be eaten up by overhead no doubt.

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