Mark Yagalla
Gold, currencies, macro, commodities

Buy The Dip In Bally Technologies

Executive summary:

  • The weakness in International Game Technology is creating a buying opportunity in shares of Bally Technologies
  • The acquisition of SHFL Entertainment will create $40 million in annual cost savings
  • Look for the company's leverage ratio to come down from 4x to 3x in the next two years

_________________________________________________

While there remains some concern over a slowdown in the global casino and gaming industry, Bally Technologies (NYSE:BYI) appears to be one of the best positioned companies in the industry going forward. I really liked what I saw in the latest quarterly results and the fact that the acquisition of Shutterfly, or SHFL Entertainment, has been completed, with the integration ahead of schedule. The combination will lead to...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details