Le'ts suppose PYD - does achieve another 400 machinesIs the market cap - accurate ?
After all the stock price is under the prime .07 meadian price.
Has anoyone taken into consideration -
1 - assets - total count of slot machines
2- quality management - all aces - finaciers and bankers and gaming pros
3 - not tethered to a bricks and motar business
4 - PYD is portable - if issues ever arise - they can pick up pull out - move on
5 - they're in many casinos - better stats and odds of success than just one - few casinos
6 - they have a superb big player partner - whose tied to Tonkawa now - and who has big capital 150 million purse - and whose doing business with pyd - with more multiple millions
7 - suppose pyd does urilize the 1 million and 3.5 million to acquire 400 more machines
8 - pure play protability has far greater advantages - than just one or two locations -
9 - other competitor casinos still have the same issue of slot machine depreciation - so is it better to have a location bricks and motor and still deal with machine depreciation or is it better to not have a building - have many casino location contracts = better odds of success and no headaches of more over head costs associated ot owning the casino....
10 - pure play - im now leaning towards as a better option for running of a gaming business with far less headaches - same depreciation as their competitors with the slot machines - but with far better odds being in many casinos than just a one or a few owned....
So pro investores and valuators - wet the pencils again - and what if pyd does utilize this new capital - and acquires and places another 400 machines - potential hypothetical based on slightly used machines - more machines vs new machines - im thinking this .05 cent price wont last very long.... and the real question - since pyd has better odds with a pureplay - more advantages than a bricks and motar - less risk - whats the proper valuation xxx factor to use?
10 x too - 5x too low.... middle road 7x - or ??? I think this is a real challenge - knowing how to evaluate pyd - due to their unique business style - once a few good pros in the valuation market establish a good number (mulitplyer) for them -
cheers !