Progressive Gaming International Corp. (PGIC)

pencils2 (99.82) Submitted: 5/13/07 8:30 PM : Start Price: $4.55 PGIC Score: 45.70

Earnings, which have already been negative, are taking a freefall. Sales are falling steadily as well.





PGIC produces negative cash flow, relies on issuing debt for cash, which is pretty obvious considering they've racked up $18 million more in debt over the past year.





Terrible margins that are continuing to worsen, profit margin is now at -60.73%.





This is an awful company and the stock is a hunk of junk. The company has only managed to turn a profit once over the past six years, and I doubt they'll be reporting positive numbers anytime soon, if ever. A market cap of $179 million is way, way too high for PGIC.

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