Monday, July 16, 2007

Full House Resorts, Inc.

Full House Resorts, Inc. is an AMEX listed security that has been trading in a range between $3.05 and $4.70 over the past year. With 19,322,280 shares outstanding, a recent price of $4.00 gives a total market capitalization of $77,289,120. While there are certainly larger companies, Full House Resorts, Inc. has definitely earned its place in the pack. Last year, Full House Resorts, Inc. created $0.02 in earnings for every share outstanding.

Full House Resorts, Inc. is currently priced by the market at 213.40 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.

With a share price under $50 a share and earnings per share below $1 a share, Full House Resorts, Inc. could be an interesting value proposition.

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