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The Company designs, manufactures and markets computerized gaming equipment, systems and services.
This company is very undervalued due to the mismanagement of the CEO of the past five years. Patti Hart is her name and she has saddled the company with an increased debt load. If she is ousted the stock could double.
The picture of IGT has changed recently. In particular its earnings have not been increasing as expected and as a result the stock price has come under pressure. That said, despite the earnings weakness its price remains undervalued.
oversold on news, will bounce back
Oversold on a panicky day. They still make the most engaging slot machines.
1) New Jersey pilot internet gaming will spread state by state2) New tech/games =casino inventory turnover
Most people live to gamble, and online gambling is the future.
For reference point and to allow for comments by others. As of the end of March, 2013.ROE 20.38%Trailing PE 17.65PB 3.82Div yield 1.80%
Basic busness model is growing quickly. Financial market has no understanding of IGT future market outside the U.S.A. IGT potential has not been understood by the financial community. Today!
People love to gamble. This is a play on the economy recovering and more demand for casino services and products.
I still like it long term considering the growth.Sucks if you placed your money in it after the crash, but could be an outperformer long term. I see other stocks in other sectors that *may* potentially fall in this catagory as well.Clarification: May underperform the market one year/may blow away the market the next couple.
Thesis here is that casinos are making the change from ticket-in/ticket-out slot machines. IGT is a best-of breed company at the leading edge of a replacement cycle.
Gaming equiptment and systems continue to evolve which means replacement of machines and systems.That pus international markets are expanding and need IGT products.
Original pitch from "11 O'Clock Stock" series. http://www.fool.com/investing/general/2010/10/01/todays-buy-opportunity-international-game-technolo.aspxTo see more about the series, watch this video from co-founder Tom Gardner:http://www.fool.com/investing/general/2010/07/22/introducing-11-oclock-stock.aspx
very low price-gambling will be legal in more and more states as taxes are needed
plz. you ever gamble? no you dont? not even a lotto ticket? lol of course you do every one dose, this pick is a real life pick, just thru 5k at it at a price of 17 a share. Im gamebling, but its like playing poker, some luck and some skill can go a long way!
Most sophisticated products with the best graphics. No one comes close to the technology embodied in IGT products.
Unfavorable valuation measures and chart.
this company is not innovative. Their business plan is to let others innovate, then they buy them. It is where great ideas/workers go to die. They are a behemoth dinosaur who cannot lead......that type of company model will go the way of G.M. eventually. And their Dividend is really sad.
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