GO ON DIET!
SureQuest Systems, a company that trades on the Over The Counter Bulletin
Board under the symbol DIET, is a fuzzy being sent our way
by Strategic Stock Intelligence Inc. (SSII).
I’ll explain fuzzy
below. In the meantime, be aware that SSII is on a roll picking stock winners.
SureQuest is in the healthcare food
service industry. Among other things, they provide software to help institutions
such as nursing homes, with one or multiple locations, manage their menus,
recipes, nutrition analysis and other food service operations.
The company is providing its services
to over 750 facilities in 43 states and Canada with its main focus on long-term
care properties. Their products, they say, help institutions save money, a big
plus in today’s world of high-cost medical care.
DIET’s preliminary 2001 financials
show great improvement. They went from minus $552,318 to plus $309,000. And,
there’s plenty of room for expansion, which is high on the company’s list of
things to do. Only about 20% of this country’s 17,000 long-term care
facilities currently use any type of nutritional software. They’re also
looking at hospitals and other institutional food clients.
The stock closed Monday at 18 in light
trading. It’s 52-week range is $.01-$.27.
Now, for fuzzy. It’s an
old horseplayer’s term. Instead of saying someone has a hot horse, it was said
that he had a fuzzy.
ALLIANCE GAMING: “OUTPERFORM!”
Salomon-Smith Barney initiated
coverage of Alliance Gaming (ALLY) last week with an “out perform”
rating. The company said ALLY is now in a period of sustained growth as a maker
of gambling equipment.
Shares of the company were given a
target price of $38.
At the same time, ALLY announced a
2-for-1 stock split.
YOU GOTTA KNOW THE TERRITORY!
“And,” said a rosebud who has been blooming in the desert for
nearly 50 years, “if you’re marketing toward gamblers, offer winnable
propositions. If you’re going for the masses, call in the architects and dress
up the joint.”
IF THE MONEY WILL LAST . . . the
dice will pass! Harrah’s New Orleans casino posted its highest revenue
generating month ever in February.
Some observers think the revenue record
was due to the Super Bowl and Carnival crowds. A total of $23.8 million in
revenue was counted last month. It beats the previous best performance of $23.7
million posted in September 2000.
In my opinion, Harrah’s rates an attaboy
for not jumping ship when everyone around them was yelling, “Jump! Jump!
NO CAP ON THE WHALE:
Political donations have dominated conversations in Washington, D.C., of late
but there has been less publicity given to plans to cap political donations by
gaming companies in Australia.
Being proposed is legislation in Victoria
that would prohibit “holders of government licenses” from donating more than
$50,000 to political candidates and parties. The proposal is part of an effort
to establish a procedure for publicly funding election campaigns.
But, the wording that focuses on the
“holders of government licenses” wouldn’t prohibit Packer from making any
size donations he pleases since the cap would only affect the actual casinos
that hold the licenses, not the parent companies such as Packer’s Publishing
& Broadcasting Limited.
SLAM BANG, THANK YOU FANS:
Does any sport (if you can call it a sport) have a more dedicated following than
wrestling, or more precisely, the World Wrestling Federation? True, NASCAR fans
pack the Winston Cup tracks and the rodeo fans fill the seats of the
championship arenas. But, week after week, WWF fans religiously tune in to see The
Rock, the Undertaker, Stone Cold Steve Austin and their other
favorites beat themselves around a ring in a highly-choreographed spectacle.
How many, of these fans, are aware,
however, that Vince McMahon’s creation is a publicly-traded company.
Surely, there’s little notice taken of the company on the pages of most Wall
Street publications, but the company hasn’t escaped the view of Jason Ader
and his associates at Bear Stearns.
The analysts recently issued an equity
research paper on WWF with an “attractive” rating. The vehicle for growing
the company, the report indicated, was the company’s intention to raise its
international business to 25% of total revenues. Tours in Asia, Europe and
Australia will begin this spring.
SHE’S A HO, HO, HO ALSO:
As Asian gaming guru attempts to keep his operations going, despite major
changes in the way Macau deals with casinos, Stanley Ho has designated
his daughter, Pansy, as his heir-apparent.
Last week, Pansy was elected to the
board of directors of Ho’s company, the Sociedade de Turismo e Diversoes de
But, not all is well within the Ho
Family. Sibling rivalry involving Ho’s sister Winnie, has erupted. She
has been able to develop the support of one of STDM’s major shareholders, Henry
Fok. They strongly opposed niece Pansy’s election to the board.
Stanley Ho dismisses his sister’s opposition, saying her vote against Pansy was invalid. He also plans to replace his sister on the board.