Shfl Entertainment, Inc. (NASDAQ:SHFL)

CAPS Rating: 4 out of 5

Gaming supply company that specializes in providing our casino and other gaming customers with Utility Products, including automatic card shufflers, to improve their productivity and security and Entertainment Products, including proprietary table games.


Player Avatar HFInvestor (33.24) Submitted: 5/26/2007 8:13:58 PM : Underperform Start Price: $18.66 SHFL Score: +15.58

Faces increased competition in shufflers from Vending Data. Market potential in Macau smaller than expected due to using shufflers in the back rooms to shuffle cards rather at the tables. This requires fewer shufflers than having one at each table. Also integration of Stargames might still face substantial hurdles. Competition in electronic table games is increasing as well. Risk to thesis: Someone could acquire them e.g. to get their IP. Also, they could have more near term success in placing electronic table games, e.g. in PA.

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