ALERT BPOP

Afeter an incredible volume of 54M shares traded on friday (average is around 10M shares) today has been somewhat difficult BUT it seems that finally some have read properly the last quarter results: THEY MADE NICE PROFIT.

Sure was less than last quarter but when you remove 1 time item and add special commercial loss provision of this quarter, well BPOP is in very very good shape.

With consolidation that will be coming in Puerto RIco (there are too many banks) this will only help BPOP.

ALERT UWN

Nevada Gold and Casino

UWN has just signed an agreement to purchase a slot route operator in Deadwood for 5,2M$.

When this transaction will be completed, UWN will ad about 1,25M$ in EBITDA (within 3-4 months).

This is a large EBITDA increase and i find it interesting that they are now into the slot machine business just a couple of weeks before Washington starts wondering about the possibility of legalizing these in the state where UWN does have many small casinos. Hummmmmmmmmmm.

To follow closely !

UWN UPDATE

Did you notice?

UWN has been slowly but surely climbing back to the 2$ mark on steady volume. For sure it is far from the 100K volume they saw some weeks ago but based upon some technical data relative movement is showing improvement in the number of buyers and relative strength is getting better.

Keep in mind that with a low number of shares available, this one could fly rapidly.

Also please remember that on Oct 10th Wells Fargo agreed to refinance 11M$ of their existing debt and extend the remaining 4M$ until 2015. The loan (that will mature in 2014) will retire outstanding debt that were to mature in 2012 and 2013 giving a very interesting position to UWN to use their next 3 years cash flow to do some more acquisitions and increase substantially their annual gross revenues. It is very very interesting to note that UWN was able to capture Wells Fargo attention and based upon the fact that Wells Fargo is one of the biggest USA bank i would not be surprised to see their analysts pick up UWN story and that being the case, i would prefer to be an actual investor instead of trying to catch them up later on the rise. If UWN would have been researching a great business partner, they may have just found them. Wells Fargo has been long time recognized as a bank that understand the small to mid-cap size business needs and have been involved around the USA for many of these small loans. Wells Fargo is one of the most well managed bank (they even refused TARP but were force to accept it) and especially now where capital available is still hard to find, I am convinced that they did their home works before approving a loan to UWN. By itself it is a confirmation of the very good financial situation of UWN

This change by itself should give UWN some fuel to achieve my share price expectation of 4$ within the end of the year. I know it sounds very aggressive but a great result for Q2 2012 could be enough and as mentioned in my last evaluation I expect that UWN could generate 16M$ in gross revenues, 1M$ in EBITDA and a 0,03 to 0,05 per share net profit. Anything over would be the catalyst to 4$ share price rapidly and with the next release due somewhere in mid-December, Christmas party could be earlier this year!!!

They have a great business model (almost unique) and management seems to be very passionate about their plan.

I remember that some time ago (in 2010) I mentioned a casino pick that was very interesting in march 2010 (MPEL) and it was trading at about 4,38$ at that time. MPEL achieved 16$ earlier this year for a close to 400% run. I was really surprised when Jim Cramer (CNBC) mentioned that he did not saw MPEL coming. So get ready for a second hit in the casino business. UWN will rock.

So for these reasons, UWN has now been upgraded to #4 for top pick for the remainder of 2011 and Q2 report will speaks for my 2012 year picks dues around January 15^th 2012.

(Still thinks they are missing a letter in their ticker name: should be UWiN)