Bally Technologies: Macro Headwinds Create Attractive, Best-In-Class Buying Opportunity
- BYI's recent weakness is attributable to a weak environment for US slot sales.
- Part of the weakness is due to announcements by its major competitor, which has overly impacted BYI's stock price.
- BYI is the best-in-class company and has already diversified itself away from US slots, yet it trades at a historically low multiple.
- Several major tailwinds will begin to kick in over the next 12 months, which should send shares 50% higher.