$41.82
-0.34 (-0.81%)
Bally Technologies, Inc. (BYI)
CAPS Rating:
The Company designs, manufactures, assembles and distributes technology based products to commercial gaming markets.
The Company designs, manufactures, assembles and distributes technology based products to commercial gaming markets.
Recs
I like this stock because I think they are well positioned for the virtual reality gaming explosion soon to come.
Not only that, but while this stocks price has increased by just over 50% this year I don't think the market has yet priced in the new levels of profitability. The increase shown in the first quarter of 08' was 36% more sales AND 3 TIMES more profitability. That makes a world of difference.
Basically this company got 36% bigger and 3 times more profitable over night and the stock price went up only 52%.
Now lets look at the EPS projections:
1 year: 28.1%
5 year: 30%
But wait there's more...
This company has a very nice return on equity (42%) and an asset turnover of 1. Combine all that with the longevity and durability of this technology company and I am willing to put my money where my mouth is. (or at least my CAPS rating)
This stock is killing me...but I am going to hold on and see what happens.