Opinions
The Panic-Proof Portfolio (Stockchase Research)
International Game Technology
IGT-N
PAST TOP PICK
Sep 27, 2022
(A Top Pick May 10/22, Down 20.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with IGT has triggered its stop $16. To remain disciplined, we recommend covering the position at this time.
$15.540
Stock price when the opinion was issued
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TOP PICK
Stockchase Research Editor: Michael O'Reilly The gambling technology company just reported earnings that beat expectations by 21%. Their strategy to enter into online sports betting gives them a competitive advantage. Matched with the return to traditional casino gaming, analysts expect 24% profit growth next year. It has re-instated its quarterly dividend, which is paying a good yield here and backed by a payout ratio under 50% of cash flow. The company has prudently used some cash reserves to retire a mountain of debt. We are recommending a stop loss at $16, looking to achieve $37 --upside over 80%. Yield 3.03% (Analysts’ price target is $37.29)
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