Greek Organisation of Football Prognostics S.A. (NASDAQOTH:GOFPY)

TSIF (99.96) Submitted: 6/8/2010 4:30:21 PM : Start Price: $6.10 GOFPY Score: +26.33

Greek Organisation of Football Prognostics is a Greek company, but has little to do with organized Football, but does have to do with betting on sports and the Greek Lottery. Both are a viable segment of the Greek day of life, recession or not. The risk here is the Greek Government who is also a large shareholder. While they are likely to be loose in regulations and may help Greek Organisation of Football Prognostics expand their gaming rights, they have also used them as an emergency bank in the past. By adding extra taxes, they limit the Greek Organisation of Football Prognostics revenue. How tight will they squeeze, since they are also a shareholder??? It's hard to say, how desparate are they for other revenue. At the $6.10 entry point, an all time low, this seems to have some promise. Volume is VERY low for this equity. This was a Global Gains play for Greece, but conditions have continued to deteriorate in Europe. Overall, very high risk, and unlikely to be a real call on my part.