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Integrity Gaming Corp. V.IGAM

"Integrity Gaming Corp is a provider of gaming equipment and project financing to owners, operators, and managers of casinos and other regulated gaming venues. The company focuses on U.S tribal gaming markets where it leases and distributes slot machines, electronic table games, casino, and bingo equipments."


TSXV:IGAM - Post by User

Comment by Mully99on Aug 06, 2015 8:02am
59 Views
Post# 23993471

RE:PYD business strategy

RE:PYD business strategyThat $11M is EBITDA not EPS.

Since all their assets are physical equipment there will be high depreciation on those assets and EPS will most likely be half of that - more like $4 - $6M, which yeilds a stock of $0.115 - $0.17.

The good thing though is that cash flow will be much higher which can be used to expand and acquire new machines.

I think we need to see a full quarter with the Integrity integrated before we get this baby moving again... 
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