I have written about Gaming Partners International (NASDAQ: GPIC) several times before, and although I do not currently hold a position I thought it would be worth providing an update on some interesting news. Enclave Asset Management LLC recently filed an SC-13D announcing a stake in the company and its intentions to push for change, with detailed complaints about the issues they see in the company’s management. I have added links to each exhibit which contains the various . . .
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Gaming Partners International Corp (NASDAQ: GPIC) is a manufacturer of counterfeit-resistant casino chips enabled with RFID technology. GPIC sells these chips and other gaming products (table layouts, playing cards, furniture, etc) to casinos worldwide. I have owned GPIC in the past, and it is with great interest that I noted its share price descending in recent weeks. The company appears to be once again in value territory. The company trades at a market capitalization of around $51 million, but holds cash . . . Gaming Partners International Corp (NASDAQ:GPIC) is a manufacturer of counterfeit-resistant casino chips enabled with RFID technology. GPIC sells these chips, among other gaming products, to casinos worldwide, with manufacturing in France, Mexico and the United States. Recognizing the growth prospects of gambling in Asia, GPIC will be opening a sales office in Macau in 2011. GPIC trades around $6.00, but has more than $2.50/share of cash, bringing its P/E ex-Cash to 5.84. Additionally, the company has zero bank . . . |
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