TSXV:NYX.DB - Post by User
Comment by
retiredcfon Jan 03, 2016 4:20pm
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Post# 24426161
RE:Top Pick
RE:Top Pick 2015-12-31 TOP PICK Eric Nuttall
Stock has fallen from $3 to $2 and rallied back to $2.50 on 2 concerns, which he feels there is absolutely no merit to. One of their customers is Amaya gaming (AYA-T) which put out a bad Q3 because of poor poker revenues, but NYX has zero exposure to that. What they do have exposure to is the online gaming part, which is a key growth aspect to Amaya, but a huge win for NYX. Cash balance was lower than people expected but management has said they are now cash flow positive, so the balance sheet is not a concern. Just penned a $10 million strategic alliance with a US casino magnet. Going from negative EBITDA this year to $30 million or higher in 2016, and 50 million are higher in 2017. Trading at 6X next year’s EBITDA and 4.3X 2017 EBITDA, and all its peers traded over 10. 30% plus organic growth.
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Price:
$2.720
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes