For the six months ended June 30 of this year, we at Tix4Tonight did $15.4 million dollars of gross ticket sales, and we would project that into about $32 million dollars for the year because the second half of our year is usually typically better than the first six months. For all of last year, we did $23.2 million dollars in gross ticket sales. That represents a 38 percent growth.

We’re working right now on getting a fifth location in Las Vegas, a very major location if we’re able to obtain it, and if we do, we think that for the rest of the year it would add about another $3 million dollars in gross ticket sales so that we’d have about $35 million dollars in gross ticket sales, which would represent about a 51 percent growth factor over last year.

Typically our revenues are higher this year than last year, so our revenues, we would think, would go up at an even higher percentage than the 51 percent growth.

Please note that when we report to the SEC, we’re only able to report commissions and service fees that we charge because our gross revenue when reporting to the SEC is that we only pay for tickets that we sell, so SEC only lets us report those commissions and service fees, which are typically about 24 percent of our gross ticket sales.

We have approximately 3000 people at our booths in Las Vegas every day, and realize that we could be selling them additional complimentary discount products. We developed Tix4Dinner, which offers up to 50 percent off entrees at Vegas restaurants and buffets, and we’re already doing approximately 300 to 500 dinner reservations every day. Typically we send people to a hotel for shows and offer restaurants in those hotels the discounts, so that basically we are able to keep people in those hotels for the whole evening, which obviously increases gambling for those hotels. They love it. That’s actually their mantra to keep people there all day and all night.

Source: Conf call from Aug 2007

• A brief clip with TIXC ceo.
• Latest technical analysis on TIXC.
• Podcast of interview with TIXC ceo. The podcast date is 09/22/09. Interview with Mitch Francis is near the end of the podcast.
• Analyst comments on TIXC.
• Details on TIXC’s current buyback plan. “Under the previous stock repurchase program that commenced August 25, 2008, the Company had repurchased the maximum 1 million shares authorized under that program”.
• Exhibit Merchandising (EM) division of TIXC.  Sample of items available.
• Details on acquisition of EM by TIXC.
• More on EM.

• Details
• Morgan Stanley comments from earlier this month

Instead of the usual Bull & Bear tussle, for a change we have Wolves & Sheep battling it out in a nice little game. For those who have played chess: A Wolf in this game has the same power as the Queen piece of chess.

In this program you will see

• 1)WB in his office in Omaha
• 2)The HQ of Berkshire Hathaway
• 3)Meet Charlie Munger
• 4)Interviews with his children. Daughter says ” In 56 years, I have never seen him drink a glass of water”. He loves Coke.
• 5)See the house where he lives. Gives an excellent answer as to why he has lived there for ages
• 6)Meet his wives
• 7)Learn about the food he likes and dislikes
• 8)How we started investing
• 9)His rules of investment

and much more…

More details on the content and Download links

Streaming links at Youtube Part 1 Part 2

Co issues upside guidance for Q3 (Oct), sees:

• EPS of $0.04 vs. $0.03 First Call consensus;
• Q3 (Oct) revs of $141.5 vs. $138.87 mln consensus

Earnings will be reported on Nov 19.

Source

Meanwhile Ashraf Iqbal continues to buy this week.

More on TIXC

Link

Things to keep in mind/Caution:
DIVX is another cheap stock. But it lacks catalysts.

• a special cash dividend of $10 million or $0.16 per share, and
• the launching of a $10 million stock repurchase program.

Dividend details:
The special cash dividend of $10 million or approximately $0.16 per share will be paid in the fourth quarter of 2009; the record date for the special cash dividend is December 4, 2009 and the payment date will be December 18, 2009. The special cash dividend is anticipated to be a return of capital to stockholders in 2009.

Stock repurchase details:
The $10 million stock repurchase program goes into effect on November 15, 2009 and extends through March 31, 2011. Under the terms of the program, iPass may purchase up to $10 million of its common stock through open market, block and/or negotiated trades. Additionally, in the event that the full $10 million has not been used to repurchase the company’s stock by March 31, 2011, the company has committed to dividend to stockholders any remaining balance by April 15, 2011.

Source

IPAS reported earnings last evening. Company lowered guidance:.
“Additionally, we expect a continued, albeit a sequentially smaller decline in dial-up revenue in Q4. Given these factors, we anticipate total revenues for Q4 to be in the range of approximately $39 million to $41 million. So far as our cost, as we move through the fourth quarter, we still see and expect to have some challenges that likely impact our ability to maintain profitability in the quarter”.

Source

“For the most part, the easy money is squarely off the table. But there are areas of potential interest – namely those issues trading at or below net cash or significantly below book value. This creates one potential compelling catalyst – that a liquidation or distribution of the cash results in a tidy return to investors. Rule number one when playing in this space: pay very close attention to management. An asset rich company today could be a debt-ridden company tomorrow if management decides to spend that money on value destroying acquisitions”

Things to keep in mind/Caution:

All of the 4 stocks discussed are super cheap and they lack catalysts.

• SIMG: Revenues keep on declining despite rebound in economy. Once profitable, now losing 10m a quarter!
• ZRAN: 400m to 500m in revenues and struggling to make a penny.
• TRID: New entity after merger with NXP/Phillips. Might turn profitable in very late 2010. Merger atleast increases revenues nicely.

The full article can be read here.