International Game Technology (IGT)

bostonwayno (< 20) Submitted: 8/05/07 9:45 AM : Start Price: $33.80 IGT Score: -27.86

Great long term play. Recently beaten down .... currently at an excellent buy in price of $34.21. I expect this puppy to hit $50 by this time next year.

Gaming is only growing and expanding both domestically and internationally and IGT will benefit. Think about it, the only gaming news you ever hear about is how more and more states are opening casinos and allowing gaming. Never have I read a news story about casinos closing or a state banning gaming. Gaming is a great revenue machine for states in terms of taxes. Also an excellent way to play the Chinese market without being directly invested there.

Slots are beginning to switch to a server/client model which allows for casinos to improve margins. IGT has tremendous R&D in this area and is at the forefront of this transformation.

In the past month I have added to my position several times (buying on weakness) to the point where approx 20% of my entire portfolio is in IGT.

STRONG BUY recommendation here

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