בס״ד

Pulling in 1200%! – Then Upping the Ante With a CURE For Gambling! (EVRI, AYI)

Posted on July 8, 2021

Before we get to today’s trade, we have one hum-dinger to close.

It was opened less than two months ago, on May 13th, in a communiqué called The Switch Has Been Flicked.

There, we urged you to sell the AYI November 19th 220 CALL for $6.70 and buy the AYI November 19th 140 PUT for $5.80.  Total credit was $0.90.

Now, there’s lots of time remaining on the trade, and you could walk with a perfect hamburger of a profit if you held on, but we’re out.

Anything could happen – and greed kills.

The short CALL trades today for $2.25 and the long PUT for $3.30.  Buy back the former and sell the latter, and you walk with $1.95 ON NOTHING SPENT!

Adjusted for minimal commissions gives you a 1200% profit in just eight short weeks.

Take it to the bank…Take it to the bank… Take it to the bank…

We return to the crap tables today to take on EVRI Holdings Inc. (NYSE:EVRI) a small-cap operation that provides technologies for the gaming and gambling sector and ‘cash access services’ to casinos and their online amoral equivalents.

Some of you will recall that we played EVRI on the upside late last year for a tidy 22% profit.

This time we’re betting on the downside.  And we’ve a hunch the winnings will dwarf those of the previous deal.

Let’s start with a look at the fundamentals –

  • The company has NO P/E (because it hasn’t earned anything),
  • Offers NO Dividend,
  • Posts a Hogwartsian Price to Book ratio of 123.05(!),
  • A record-breaking Debt/Equity ratio of 64.58 (is ANYONE paying attention!?),
  • And her annual earnings declined this past year by 558.90%.

In other words, there’s no meat here at all.

Yet the stock costs more than the ‘Rib-Breaker’ Veal Deal down at Francesco’s Fine Italian Sandwich.

How could it be?

We say it can’t.

Or, rather… that it won’t.

And we’ll let the charts explain –

The Al-mighty Living G-d of Israel neither slumbers nor sleeps!

Praise Him!

Your destiny is in His hands.

Many happy returns,

Matt McAbby

 

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