EmergingGrowth.com Reports on PokerTek, Inc. Emerging Growth Stock Pick
MIAMI, December 21, 2012
MIAMI, December 21, 2012 /PRNewswire/ --
EmergingGrowth.com, a leading digital financial media company, Reports on
PokerTek, Inc. (NASDAQ: PTEK)
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PokerTek, Inc. (NASDAQ: PTEK), EmergingGrowth.com Stock Pick
Founded in 2003, PokerTek (NASDAQ: PTEK) develops and markets products for the
gaming and amusement industries. We at EmergingGrowth.com feel that the
company is in the right industry at the right time and is poised for explosive
In the past week alone, the company papered three major announcements and the
stock is beginning to gain the respect of the investment community. They
announced their Distribution network for Latin American Markets; the fact that
their "Poker Pro" product, which represents over 17% annualized recurring
revenue, is back on the floors in Mexico; and a 78% increase in Blackjack Pro
tables in Ontario, Canada.
PokerTek currently has approximately 8 million shares outstanding and has
operated with greater than 70% gross margins two years running, and their
momentum is driving 20% sequential quarterly growth. The company is expecting
to turn EPS positive with their dominant position in, electronic Poker, as
well as their growing presence in emerging markets such as Mexico and South
American. The company will also be entering Macau for the first time.
PokerTek has reduced operating expenses by 29% from prior years as well as
their head count in order to streamline operations and turn the company EPS
Compared to its peers such as International Gaming Technology (NYSE: IGT)
Bally Technologies (NYSE: BYI), SHFL Entertainment (NASDAQ:SHFL) and WMS
Industries (NYSE: WMS), all trading at an average of about 18 times earnings,
PokerTek's modest valuation makes it an attractive stock for investing as well
as a potential future takeover target by one of the bigwigs.
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