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...

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