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Penn National Gaming Inc. Message Board

scottsdalem 6 posts  |  Last Activity: Aug 17, 2015 10:19 PM Member since: Jul 2, 2007
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  • RVLT, which is also competitor and makes little more than EFOI, and growing revenue at over 75% is trading at 1.5 times SALES. That is, for RVLT, current annual rev is about 100 mil, and mkt cap is 150 mil. On the other hand, EFOI's current annual rev is about 50 mil, and is trading at 3 times sales. It needs to go to $10 to trade in par with competitors and peers. Watch this going to 10 to 11 ranges in the next week or two. Check out RVLT financials, and Do your own diligence. Dont listen to this pumpers. Yes it got the attention of shorts like me, because it over shot itself.

    I have already said enough about the 85.6 mil accumulated negative earnings. That is huge. I know that is in the past, but that is huge.

    Sentiment: Strong Sell

  • I have no idea why the earlier message thread regarding the accumulated deficit of 85.6 mil was deleted. So here again.

    That's the accumulation of negative income accumulated so far. In order to compensate that, they raised capital through stock issuing and warrants that were sold at 0.23c and convertible notes. So there are some stock holders, lot of them waiting to cash this. You will notice this number in their balance sheet too, as Negative Retained Earnings. They have started making positive income from the last qtr. They have to make $32 mil annual rev to break even income. Negative income below that. They cannot raise debt. Banks wont lend them with this huge negative retained earnings on their b.shet (or accumulated deficit). Thats why you see close to nothing debt on their balance sheet. All they have is $10 mil cash on hand, most of them from surplus capital raise. They made positive cash flow in the last 2 qtrs. LES is a commodity business. Only reason they got the Navy deal is because they sold 'Made in America' slogan. They cannot use the same to sell to other countries. Commodity business on the consumer side. That's why they keep saying margin mix will be low on consumer products. $10 mil cash on hand, Rev growth will change to below 50% (I doubt if they even get 20% sustained growth). And the Market cap is close to $200 mil. You decide. STRONG SELL

    Sentiment: Strong Sell

  • scottsdalem scottsdalem Aug 14, 2015 10:47 PM Flag

    That's the accumulation of negative income accumulated so far. In order to compensate that, they raised capital through stock issuing and warrants that were sold at 0.23c and convertible notes. So there are some stock holders, lot of them waiting to cash this. You will notice this number in their balance sheet too, as Negative Retained Earnings. They have started making positive income from the last qtr. They have to make $32 mil annual rev to break even income. Negative income below that. They cannot raise debt. Banks wont lend them with this huge negative retained earnings on their b.shet (or accumulated deficit). Thats why you see close to nothing debt on their balance sheet. All they have is $10 mil cash on hand, most of them from surplus capital raise. They made positive cash flow in the last 2 qtrs. LES is a commodity business. Only reason they got the Navy deal is because they sold 'Made in America' slogan. They cannot use the same to sell to other countries. Commodity business on the consumer side. That's why they keep saying margin mix will be low on consumer products. $10 mil cash on hand, Rev growth will change to below 50% (I doubt if they even get 20% sustained growth). And the Market cap is close to $200 mil. You decide. STRONG SELL

    Sentiment: Strong Sell

  • scottsdalem scottsdalem Aug 14, 2015 10:35 PM Flag

    I don't know why you have to be so defensive for a simple explanation he asked. He is pointing out a factual information from their 10 Q statement. It is not a boiler plaster cautionary comment. It a factual statement. Jeez

  • Reply to

    open 108 and close 94 area mark my post

    by stock.shah Jul 15, 2015 7:46 PM
    scottsdalem scottsdalem Jul 15, 2015 11:41 PM Flag

    I shorted at 108 in the AH. So hope it opens the premarket at 7 AM around 104/103 or even below and decline steadily from there. No over 110. That would be bad.

    Sentiment: Strong Sell

  • Brutal IPO day for sure for this stock. Down over 17%?? Wow. I have never seen a brutal IPO on a opening day. Did they price it aggressively? Who sold the stock and why? Did they benefit any by selling on the opening day? Why would they sell below the IPO price?? Got nervous?? I am puzzled. I bought at 12.15 near the end of the day thinking I was smart. But even that move looks disaster if this continues to go down on Monday. The underwriters have option to buy 1.1 million additional stock at IPO price. May be they should start buying in the open market to stabilize the price. This needs to go up 10% Monday even to get close to $13. Wow. Any insight reply would help me. Thanks!

    Sentiment: Strong Buy

PENN
18.18-0.08(-0.44%)Sep 4 4:00 PMEDT