Lakes Entertainment, Inc. Oh, what to do?
Okay, I've been studying this one for a couple of days. I like what I see. I really do! But I think an unhealthy amount of my enthusiasm may be leaning on speculation.
I like the book value, the cash on hand, the share price, the profit margin, the YOY and the amount of debt it carries. The speculation aspect has to do with how fast this company will turn around. I have to admit I'm looking for a company that could go up 25%-50% a year for two or three years. For some demented reason a part of my brain can't be convinced LACO is not such a company.
I need some help with this one. What is your opinion?