posted                      

I purchased WPTE back when I was really new. It started slipping, and I just stood back like a big dummy.

I'm currently down 50%. This thing has givin' me heartburn for the past few months.

Does this thing have any chances of rebounding?

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News:

quote:

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TABLE-WPT Enterprises post Q1 profit
Thu May 4, 2006 5:54 PM ET

May 4 (Reuters) -

WPT ENTERPRISES INC. (WPTE.O: Quote, Profile, Research)

Latest Forecast* No. of Yr ago

analysts qtr EPS (diluted, $/shr) 0.17 -- -- -0.08 Net ($ million) 3.6 -- -- -1.6 Revenue ($ million) 6.5 7.0 4 4.1

*Source: Reuters Estimates

--The company said net earnings in the latest first quarter included a realized pre-tax capital gain of $5.7 million associated with the sale of a portion of the company's PokerTek investment, and reflects $1.6 million in share-based compensation expense.

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Form 8-K for WPT ENTERPRISES INC

4-May-2006

Termination of a Material Definitive Agreement


Item 1.02 Termination of a Material Definitive Agreement.
On May 1, 2006, WPT Enterprises, Inc. (the "Company"), was informed by The Travel Channel, L.L.C. ("Travel"), that Travel had chosen not to exercise its option to purchase additional seasons of the Company's Professional Poker Tour™ television series, pursuant to the terms of the Acquisition Master Agreement, dated January 25, 2006, by and between the Company and Travel's parent Company, Discovery Communications, Inc.
Item 2.02 Results of Operations and Financial Condition.
On May 4, 2006, the Company issued a press release discussing first quarter 2006 results. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated in this Item 2.02 by reference. The press release contains forward-looking statements regarding the Company.
The information in this Item 2.02, including the information set forth in the Company's press release filed as Exhibit 99.1 to and incorporated in this Current Report, is being "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Securities Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. The information in Exhibit 99.1 furnished pursuant to this Item 2.02 shall not be incorporated by reference into any registration statement or other documents pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Exchange Act except as otherwise expressly stated in any such filing.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibits.
99.1 Press Release issued May 4, 2006.

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Posts: 19 | From: San Jose, CA | Registered: Dec 2005  |  IP: Logged |