Well looks like the market is anticipating a poor announcement coming from the internal review. They had the special board meeting Thursday and they are working on a position at the moment.
It will reveal the problems and possible initiatives to move forward including cost cutting and a focus on the stepper product going forward. I believe they already have around a dozen approved for sale in the USA and hopefully they can capture a similar share of that market as they did in the video slots.
Todays volume is quite small as stop losses come in as $1.70 was taken out on the open by end of quarter window dressing.
Current PE less than 10, forward PE less than 9 on conservative assumptions. This review will be the start of ALL's recovery in my opinion. A "bad year" and all but still all businesses are profitable and growth is evident in the US and Japan. One off expansion costs hurt the bottom line but the gross profit margin actually increased.
It's certainly an interesting time for ALL shareholders. PPT and the Ainsworths will be pushing for a focus on the North America market.
Cheers, Munch.
ALL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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