SHFL Entertainment (SHFL +2.3%) missed estimates with its FQ4 report but execs did a good job of...


SHFL Entertainment (SHFL +2.3%) missed estimates with its FQ4 report but execs did a good job of highlighting the firm's potential on an earnings conference call (transcript). In a nutshell, the company is shifting its focus toward the electronic table game market (sales up 37%) away from the automatic shufflers (sales up 8%) which are its roots. Management also pointed out the company has no debt on its credit line and international growth opportunities are expanding.
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  • Alan Brochstein, CFA
    , contributor
    Comments (7794) | Send Message
     
    The positives were actually much stronger sales growth projected (12-19% compared to 8% consensus) as the company guided for the first time, sharing projections by segment. They also described their entry into U.S. slots and their increased investment in iGaming.
    18 Dec 2012, 10:24 AM Reply Like
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