StockIceMan's Weekly Stock Pick
Week of
September 4, 2006
| Stock: |
WPT Enterprises, Inc. |
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| Ticker Symbol: |
WPTE - Nasdaq - Software |
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| Buy: |
4.00 to 4.25 |
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| Sell: |
7.00 |
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Info: |
WPT Enterprises, Inc.
engages in the development, production, and
marketing of televised programming based on
gaming themes worldwide. It offers World Poker
Tour, a television show based on a series of
poker tournaments. The company licenses its
products to companies in poker equipment and
instruction, apparel, publishing, electronic and
wireless entertainment, DVD/home entertainment,
casino games, and giftware businesses. WPT
Enterprises also sells consumer and home
entertainment products featuring its World Poker
Tour brand. In addition, it sells corporate
sponsorships that include elements of on-air
visibility, online visibility, corporate live
event sponsorship, promotional sponsorships, and
corporate hospitality events. The company,
through the agreement with WagerWorks, Inc.,
offers WPTonline.com, an online poker room and
an online casino with various slots and table
games. WPT Enterprises was founded by Steven
Lipscomb in 2002. It was formerly known as World
Poker Tour, LLC and changed its name to WPT
Enterprises, Inc. in 2004. The company is based
in Los Angeles, California |
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| Financial Info: |
For the six months ended
7/2/2006, revenues increased 63% to $17.5
million. Net income totaled $6.2 million vs. a
net loss of $2 million. |
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| Key Ratios: |
Current
Ratio: 6.54, Total Debt/Equity: 0.00, Trailing
P/E: 27.48x, Forward P/E: 35.50x, Price/Book:
1.88, Price/Sales: 3.20 |
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| Share Info: |
There are 20.38
million shares outstanding with 6.16
million shares in the trading
float. Institutions own
approximately 20.90% of the shares outstanding.
There have been no insider purchase and no
insider sales in the last six months.
Real-Time SEC
Filings
As of 8/10/2006, there were 712,340 shares short.
Net Institutional Buying: 1.853
million shares prior to latest
quarter. |
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| Articles: |
World Poker Tour Bets on
Web Gambling |
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