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Dover Downs Gaming & Entertainment Inc. Message Board

  • bigfry_52 bigfry_52 Jun 16, 2006 8:54 PM Flag

    DDE will miss earnings> Here's Why !

    DDE by the companies own admission to analysts missed badly in April....

    This past Monday Delaware Lottery released May's gaming revenue figures...

    Deleware's total VLT revenue increased 2.3% in May.

    Gaming revenue at Dover Downs (DDE) increased 5.7%, and Dover Downs improved win per machine position from $219 to $232.

    Through the first 2 months of their second quarter, DDE's gaming revenue is up only 5.2%, which is about 80% below wall street analyst gaming revenue growth expectations of 10+%.

    DDE will have to have gaming revenue growth of 20%+ in June in order to make up their weak April and May just to MEET consensus earnings estimates.

    In short (pardon the pun) DDE is going to miss their earnings this quarter... and the stock is priced for perfection

    When DDE does miss ---> LOOK OUT BELOW!

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