badgerthelion (< 20)

OPMR

August 11, 2008 – Comments (0) | RELATED TICKERS: OPMR

CAPS will not allow me to pick OPMR (long position)

OPMR is selling its Optimal Payments subsidiary assets to focus on growing its WowWee subsidiary in the Personal Robotics market, projected to be $15 billion by 2015.  Divestitures plus this year’s EBITDA will result in OPMR having about $120 million in cash and equivalents available to expand its WowWee business.  WowWee's business is seasonal with more than 80% of its revenue realized in the second half of the year.  OPMR guidance for WowWee 2008 revenue is $130 to $140 million.  In the 2008 Q2 conference call, the CEO confirmed that it was reasonable to expect WowWee to generate $8 to $10 million of EBITDA in the second half of 2008.

For more info about OPMR and WowWee, visit http://badgerthelion.blogspot.com/search/label/OPMR