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mercredi 6 juin 2012

THE PLAY OF THE DAY UWN (Nevada Gold and Casino)

I have to get back to this tiny company because of the volatility in the last couple of trading weeks.

UWN will be publishing it's quarter report within the next 2 weeks (date not confirmed yet) and i expect a nice surprise. The integration of the slot machine route acquired early this year will now have it's results reported for a full quarter.

Also it is interesting to note that UWN has repaid 800M$ from it's long term debt. So it could be a 2 fold surprise: better revenues and less debt.

At actual level (1,10-1,15$) it is a good starting point for accumulation and my target price is 1,75$

As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.

Get THE PLAY OF THE DAY on Twitter : @investman2

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