$18.37
-0.60 (-3.16%)
International Game Technology (IGT)
CAPS Rating:
The Company designs, manufactures and markets computerized gaming equipment, systems and services.
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I love this business, but times aren´t for playing. Economy is slowing, unemployment is rising and the credit card doesn´t work anymore.
Nice pitch. Specially when a company like this, that survive by selling their videogames, have a Price/Sales of 1,67. Plus, his Price book is too high: 3,73x. But for me, the current ratio of 2,17, give something good for ITG. They still have money cash to solve some problems and put the company in the right way!!!
There is no right way for this company. The the next 1 or 2 years will be the "reality way" and, believe it, for a company that lives from the casino and the entertainment industries, it will be a very difficult way. Especially when 75% of the revenues are made in the US moribund economy. Americans like to play, but they cant afford it right now.