Any thoughts on WPTE?

[BK1248]

World Poker Tour announced they will be running an online poker site starting this year and the stock is up 2 points today.

[laserboy]

That "news" has been on their website for months now.

It's up 18% today on that press release! Look at all the suckers rushing in to buy that crap right before the expiration of the IPO lockup period! LOL!

[nongice626]

are they still going to let other sites advertise on their station? alot of fish will associate what looks liek an american company as safer, ie, not cheating, and might switch from party.

[laserboy]

[ QUOTE ]
are they still going to let other sites advertise on their station? alot of fish will associate what looks liek an american company as safer, ie, not cheating, and might switch from party.

[/ QUOTE ]

My understanding is that it is illegal to operate an online cardroom on American shores. The site is going to be operated in the UK and will only be marketed in coutries where online gambling is officially legal. The press release explicitly states that they will not do business with American customers. If this is the case, I think traffic will be a serious issue. Who wants to play in an empty cardroom? Not that the world really needed another online casino anyway...

If I am mistaken, then this could indeed be a very profitble endeavor.

[Stock Whiz]

WPTE is a strong buy for me. Earnings are growing at a rapid pace and management is exploring different ventures to increase brand name and earnings.

WPT is on cell phones, lottery tickets, and they just started a boot camp. Their online gaming website will be a monster success oversees just by the ability to offer satelites to their WPT tournaments.

Peter Lynch in his book, "Beating the Street" always stressed buy what you know. And we all know poker is growing like no one has ever seen before. Everyone watches the WPT on the Travel channel and who doesn't play in some sort of Hold'em tournaments for fun or to make money.

With volume averaging 250,000 shares, when the institutions arrive shortly, the price should sky rocket.

Any other thoughts? I am thinking about going all-in.

[BarronVangorToth]

Investing is always a tricky and sometimes things that are obvious are anything but and vice versa.

It would be interesting to see the thoughts of the hierarchy of this board and whether they will personally be investing in this...

Mason? David?

Barron Vangor Toth
www.BarronVangorToth.com

[toots]

Boy, that's one jumpy looking stock.

Yeah, it's up gangbusters in February, but so far, it hasn't made up for its big January drop. And their P/E is frighteningly high.

Yeah, the general trend in their very short history is up, but it's like trying to characterize your win rate after a couple thousand hands - not enough data.

[BarronVangorToth]

Agreed. I'm certainly going to keep an eye on it but I am cautious (perhaps overly so, I'm not sure) when it comes to financial investing. Granted, I might be missing out on some "can't miss sure thing" but, at the moment, I'm fine with that.

Hopefully this won't be another "one of those" stocks that I'm kicking myself about two years from now where I go to parties and people talk about how they invested in Obvious Company X before it was Obvious Company X and, hey, did you notice the new Mercedes outside?

Barron Vangor Toth
www.BarronVangorToth.com
'o4 Mercedes > 'o4 Buick Century

[Stock Whiz]

I got in today at $16.50. Closed at $17.50. Earnings are coming out next week so I expect to see another bounce. Yes, I do think it will be another can't miss stock. Again, who do you know that doesn't play poker? P/E is high realtive to current earnings, but it is low compared to future earnings. Between the television rights, online website, and their other endeavors, their earnings should drive the price up.

[CptMisery]

Anyone notice that Stock Whiz has 3 posts and they are all touting WPTE? Does anyone think this guy has a big bet riding on this stock?