Where's Lee Iacocca Been Hiding? Check Out This Small Cap Gaming Company
December 08, 2009
– Comments (7) |
RELATED TICKERS: FLL
Remember Lee Iacocca? He’s an active director and substantial shareowner of Full House Resorts (FLL). Too bad that the market cap (approximately $63 million) makes this small, gaming company too small to rate on Motley Fool. Too bad, indeed, because the earnings per share and revenue growth numbers of FLL look great! According to my brokerage’s website, its earnings per share grew +505.5% in the most recent quarter, compared to -232.15% in the gaming industry in general. FLL’s revenues grew +223.94% in the most recent quarter, compared to -5.10% in the gaming industry. Its trailing 12 month numbers were similarly eye-popping: +139.80% for earnings/share (industry was -657%) and +51.94% for revenues/share (industry was -2.70%). FLL develops, manages and owns gaming facilities in Nevada, Delaware and Michigan (together with the Hottawaseppi Huron Bank of Potawatomi Indians), and has an additional gaming facility in the works (together with the Northern Cheyenne Nation of Montana) on tribal land in Montana. As of November 30, 2009, it had paid off its revolving line of credit, thereby qualifying for higher levels of credit. The P/E ratio is also compelling: FLL’s is 17.05, and the industry’s is 24.78.
RSS Headlines
Fool UK