Scientific Games Corp. (NASDAQ:SGMS)
The Company is a supplier of technology-based products, systems and services to gaming markets worldwide.
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Recs
Someone will pull ahead- lotto, other "legitimate" gambling will always have a market
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McAndrews and Forbes + 30%
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Insider Buying
Scientific Games (SGMS) Perelman Ronald O DIR,BO 500,000 $4,875,00
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Caps Home up
29 36 0
6 12 10
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Insider buying.
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low relative PE, good star & 2010 earnings. Bottom fishing week of 10/26.
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Great international growth in a recession proof business
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Because municipalities NEED cash all around, if Maryland can pass slots, they can pass just about anywhere. Someone needs to provide them so I just went green on all the companies related to them.
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gaming stock
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International Lottery Play. Emerging markets will love to gamble as much as the rest of us....
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Good weekly base after sell off. Should get good pop through Jun08.
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Won contract with China to provide lottery tickets. Olympics.
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down $7 to $20
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Lottery system upgrade and casino play
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Nice business model with few competitors. International growth will fuel double digit free cash flow growth for years to come.
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Short Squeeze play if the Nov 1st earnings beat estimates. Could go to 60s according to analysts. Be careful and put stop lost.
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Would have preferred to start this pick in early November, when the price was at $27+. I'm not much for gambling personally, but it's an industry that's not going away and their standing in the industry is right up there at the top. Sound fundamentals.
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they have 75% of the market and good prospects to expand.
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Hey, everybody loves their sins, especially gambling. ; > )
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