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I must give credit for this idea to Walter Morton from the EDIG thread who started a similar thread for that stock to compliment the discussion thread. He simply created a central warehouse location for all the DD and relevant info that posters had accumulated on the stock so that other potential players could quickly and easily find out about the company and stock.
That is the purpose of this thread, only for my favorite stock...BETT. This is not a discussion thread so please only post you DD, PR's, NR's, T/A, etc. here. For a brief intro to BETT I am posting in this header the following which I "borrowed" from a post on the Triplewitch BETT thread, started by the company CEO himself, Thomas Hughes a/k/a Tom a/k/a Dirk1 (he is not the author of the following post, btw):
BETT is a company beginning to really come of age and define itself.Outstanding shares are around 11Mil. Trading float is around 5.5Mil. Those numbers are from the company as recent as last week.They are a fully reporting company with all their SEC papers filed on time. Something most BB's rarely do.
BETT is positioning itself to become a big player in the global on-line gaming industry. They already have revenues from their on-line casino(777WINS subsidiary)with those revenues projected to triple by the next QTR. They have also just opened their new esportsbook-for on-line betting of all major sports(another revenue maker),and their BIG project-the PERFECT wagering system.
BETT is positioning itself to generate revenues from it's own gaming company(and others as well)holdings by routing the PERFECT gaming wagers to their competitors for a small(2-6%)service fee. These service fees will start adding up quickly as the transactions continue. This is called TSP(transaction service processing). On-line gaming analysts estimate that these transactions alone by 2002 will add up to 200 billion.
BETT is designing their TSP business to capture 40% of that exploding market. That my friend,is a lot of money. Every transaction throughout the world that uses BETT's PERFECT wagering system of cash/credit will increase BETT's revenues and profits. The numbers could be staggering from the TSP revenues,not to mention the casino,and on-line sportsbook revenues.
In their last press release,BETT estimated their earnings per share for next year to be between 10-20 cents-and that is conservative at this point in time. I believe the management is very sharp and aggressive. They are shareholder friendly-they keep us updated regularly. And they are very receptive to questions.
There will be a shareholders meeting soon in Las Vegas. (May 5, 1999 Alexis Park from 9am to 1pm) They needed to reschedule the last one(in early April),and they offered to reimburse any shareholders for the difference in plane fare reservations made earlier. How many companies do that? Not many my friend.
Read their press releases(on Yahoo or Business Wire),check their trading charts,and do your research. I don't think you'll be disapointed. If you are,then don't buy. Look at how BETT is valued compared to GGNC or SNMM. I hear there will be big news in a few weeks as well. If it's what I believe it is,the stock price should respond even more than of late. I believe we could see $3-5 by the Fall(maybe earlier),and next year BETT should really go places(I believe 10-20 is possible next year). Many investors I know are and have been taking positions in the stock for the long term. I guess they agree with me.
If you subscribe to Silicon Investor message boards,then you should really check out the BETT board there-some very sharp investors that know the company and are in touch with the CEO on occasion. The Raging Bull message board is good too. <eom>
Hope you enjoy the info posted on this thread.
GO BETT!!! GO Tom!!!
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