Re: Stock in the WPT
That stock is way over-hyped. For some reason the people on the Yahoo message board seem to think that foreigners are going to flock to the gambling site and give away their hard earned pesos. In the partygaming prospectus they said 87% of players were from the U.S.
Foreigners just aren't into poker as much as Americans and Europeans and most countries don't have high disposable income per capita.
Comparing WPTE stock to party on a valuation per player level - it's trading as if there were 5000+ constant players on the site. The site hits about 250 people at peak time.
JMO, I'm sure you've done your own DD.
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