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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 Dec 01, 2015 10:34am
79 Views
Post# 24342476

RE:Am I mIssing something?

RE:Am I mIssing something?I don't think the stock is going to appreciate much until they can prove they are profitable... I imagine they are running cashflow positive now, but Q4 results won't be out until 120 Days after quarter end.

A few takeaways from Q3:
  • PYD has almost zero cash - more debt is not the solution, luckily they should be producing cash as we speak with the full integtration of Integrity
  • Contrary to what investors on here think, PYD's adjusted earnings were negative and they lost money from their operations in Q3 - the quarter was far from great

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