Shuffle Master, Inc. (SHFL)

00100 (96.79) Submitted: 9/9/2009 10:34:24 AM : Start Price: $7.60 SHFL Score: -3.08

Downthumb. Good cash flow. Nominal to high debt ratio. Very high margins. 19% growth rate. HIgh valuations. Margin uncertaintly regarding sustainability of gambling growth rate and also of competitive advantage.

GeoWendy (98.72) Submitted: 3/31/2008 12:08:26 PM : Start Price: $5.99 SHFL Score: -55.19

Stay away...these guys are in a patent infringement lawsuit with Bally.

Details at http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=PR&date=20080325&id=8379552

Not to mention the fact that I don't believe casino gaming suppliers are necessarily poised for growth in the next year.

gwhi (71.78) Submitted: 11/14/2007 8:57:47 PM : Start Price: $13.36 SHFL Score: +15.97

Shufflemaster is a good company, but it does not have what it takes to continue outperformance in the long run.

odmonk (45.06) Submitted: 7/23/2007 11:39:47 PM : Start Price: $15.79 SHFL Score: +22.57

Way too much debt, and making poor deals, with no new product of its own.

yammer2 (87.13) Submitted: 7/16/2007 9:36:20 PM : Start Price: $16.43 SHFL Score: +23.75

These guys suck too

aclowe01 (79.57) Submitted: 6/13/2007 12:53:10 PM : Start Price: $17.08 SHFL Score: +28.10

Outlook is slim with no new products to release.

HFInvestor (25.09) Submitted: 5/26/2007 8:13:58 PM : Start Price: $18.66 SHFL Score: +31.60

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.

LC888 (60.74) Submitted: 4/9/2007 12:55:34 AM : Start Price: $18.24 SHFL Score: +34.42

SHFL finanical results are suffering as they have not profitable integrated acquisition. Revenue and profits are below expectations. My guess is that it will take longer than one year for a turn-around to outpace the market.

jspatei (< 20) Submitted: 2/21/2007 4:57:52 PM : Start Price: $25.50 SHFL Score: +46.96

This may be an outstanding company, but their P/E ratio is literally through the roof! Lynchian principles would keep us away from this one.

ChasingFreedom (50.77) Submitted: 12/28/2006 10:35:27 PM : Start Price: $25.97 SHFL Score: +49.80

Gaming is a great area to be in, especially after the recent online gambling debacle (Grrr, stupid politicians.) But SHFL is not the spot for it. Silly lawsuits, lousy financials, market saturation, growing competition despite their incorrigible patent trolling. Find a better gaming play.

manoncafe (82.40) Submitted: 10/4/2006 10:15:47 PM : Start Price: $26.58 SHFL Score: +54.88

Yoseloff has lost it over the last few months and the high value paid for Star Games a lowly rated Aust slot maker is going to come back and bite him. A dicey Asian exclusive distributorship assocated with the Stanley Ho clan also spell impending troubles.

MudgieBoy (53.94) Submitted: 8/26/2006 2:33:34 AM : Start Price: $27.69 SHFL Score: +60.00

Some of the companies products are not finding the market acceptance that was hoped. Earnings likely to disappoint.