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6 pts

Opinion on  Multimedia Games Inc (MGAM)     Sector: Services  >  Industry: Casinos & Gaming
Change in Leadership

May 04, 2008 03:17 PM GMT
Boxhead_he_av
Return Risk
+2.21% HIGH
Analyst

Recent News  

One month ago, MGAM announced that their former CEO was stepping down. Many had been calling for this to happen for a while. With the change in leadership comes the opportunity to repair some wounds with customers and bring MGAM back from their near death experience. We may test the $4 level briefly, but once the new interim CEO has had a chance to get things back in order, the upward potential is great. I'm setting a very conservative one-year target of $7.50.


MGAM:  This call was made on 05/04/08 @ $4.23
Rating:   Positive   $4.23 (05/04/08)
Closed:   05/09/2008 @ $4.63 (+9.46% in 5 days)
Target:   $7.50 (+77.30%) in > one year


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Locationh   61%     1 point   commented 552 days ago reply

The company has posted a profit the last few quarters. Lets play the game. No dividends on this stock and a PE of 46 to 51 depending which chart you look at. No gaps to fill which is a plus. Buy at 4.21 and sell a Nov 08 $5 CC at .60. If you are a risk taker buy and hold till she breaks 7 or better then look at CC. Like after next quarterly report.


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Maczter previously rated MGAM
Positive +15.33% Re-Adding Pick
05/09/2008
1
Negative +4.16% Bearish on MGAM ...
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