International Game Technology (IGT)

[1LuckyPenny]

We have to see something sooner or later here...

[Bob22701]

IGT Named Slot Manufacturer Of The Year At 2014 International Gaming Awards

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Bob

[Truthbible]

Hugh gap to fill

[lloyd20]

Haven't had a green day in a long time...

[Truthbible]

Wayyyyyy Oversold!!!!!!!

[lloyd20]

Is time for this rascal to start going in the other direction, i.e. UP...

[Truthbible]

Aero smith. Dream on. Iike it

[Truthbible]

RSI at 23. This means a up pressure here we come. $16. Next week. Bb bands. About to snap back

[lloyd20]

$16 by Feb 7 >> Dream on man.

[Truthbible]

$16 by Feb 7

[lloyd20]

When you look also notice the market going down 318 points probably didn't help all that much either.

[Sideem]

Haven't had a chance to look but must've been a bad quarter for such a price dip today.

[Bob22701]

IGT Reports First Quarter Fiscal Year 2014 Results

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Bob

[lloyd20]

Bob. It you liked it at 18+ you must really love it at 16. Just sayin.

[Bob22701]

IGT's Blockbuster World Tour Of Gaming Entertainment Rocks London At ICE 2014

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Bob

[Bob22701]

IGT Signs with Delaware State Lottery to Bring Fan-Favorite VLT Games to Delaware

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Bob

[Bob22701]

IGT's DoubleDown Casino Releases World's First Social Casino Index

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Bob

[Bob22701]

IGT to Host Investor Conference

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Bob

[Bob22701]

IGT Fuels Excitement for New Jersey Real Money Online Gaming

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Bob

[Bob22701]

IGT is currently at a significant discount due to the retrenchment after the latest financials came out.

GLTA
Bob

[investora2z]

There have been a few articles recommending to buy IGT, especially after the recent correction in the stock. The results were below estimates, though that was mainly caused by an adjustment needed to set aside more money for income taxes. As mentioned in an article on SA, adjusted earnings per share from continuing operations are up 22% to $1.27 if this factor is excluded. Over the years, the fundamentals have improved consistently. The topline has been growing at a decent pace, and even the bottomline has increased consistently. On a ttm basis, the revenues are $2.34 billion and the net income is $272 million. The deal with Caesars Entertainment (CZR) to supply it with 7,000 video poker terminals is yet to have its full effect on the numbers. The performance of Double Down may also continue to bolster the growth in topline as the social casino segment is expected to grow fast over the next few years. Double Down's online gaming revenue went up 74% to $61 million, and the average number of daily users rose 20% to more than 1.6 million. The social revenues continued to grow at a robust pace, and were up 151% over the past year. The legalization of online gambling in more and more states will only increase the potential. The space is attracting competition, with big and small players like Caesars (CZR) and MGT Capital Investments (MGT) making investments. MGT acquired Avcom a few days ago. Online gambling with real money will lead to good growth in the future, especially as the use of mobile internet increases. The valuations are reasonable as the trailing P/E is 17 and forward P/E is 12.65. This indicates expectations of earnings growth over the next few years. Even the PEG is below one and the price to sales is below 2. The repurchase program may help support the price, but the company needs to keep a watch on the level of leverage.

[Bob22701]

IGT Announces Fifth Consecutive Quarterly Dividend Increase

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Bob

[Bob22701]

IGT stock price is down more than 10% today due to poor numbers in the 10-K. I expect that this will bring added pressure on IGT to re-enter the acquisition market to compete with BYI and SGMS both of which have either completed major acquisitions or are currently in the process.

The most likely acquisition target for IGT would be MGAM. Another likely target would be Video Gaming Technologies (VGT). VGT is private preventing a forced takeover and would also cause significant regulatory concerns due to the percentage of the market in Oklahoma controlled by IGT and VGT.

What I don't expect is for IGT to stay pat.

GLTA
Bob

[Bob22701]

IGT Reports Fourth Quarter and Fiscal Year 2013 Results and Announces Anticipated $200 million Accelerated Share Repurchase

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Bob

[Bob22701]

IGT Brings Sizzling Showcase Of Gaming Entertainment And Innovation To Latin America For SAGSE 2013

News LInk

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Bob

[Bob22701]

IGT - FutureLogic's GEN3 Evolution® Printer Selected by IGT as Preferred Printer for All Gaming Platforms Worldwide

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Bob

[Bob22701]

IGT - Based on past quarterly performance you have good timing. The price tends to go down right after the quarterly dividend is paid and that is what has caused the current dip. The next dividend should come around December 18th.

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Bob

[LasNubes]

Just jumped in here pre-market with 1,000 at 18.67

Looks like they might get their act together in DC?

[Bob22701]

IGT Launches MONOPOLY PLUS on DoubleDown Casino Online

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Bob

[Bob22701]

IGT and Ghostbusters™ Video Slots Scare up a Paranormal Entertainment Experience in Peru

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Bob

[RobinT]

Thanks . I appreciate your perspective. This stock has been my highest growth to date but has given up a lot of gains this last month or do.

[Bob22701]

IGT - The same thing happened three months ago shortly after the date of record for receiving the quarterly dividend. It should find a bottom and start going back up soon.

GLTA
Bob

[RobinT]

Did you notice the insiders picking up and selling a lot of stock options? It is dragging the share price down.

[Bob22701]

Until an announcement comes from IGT it would all be speculation. I feel that IGT is being crowded out by acquisitions and is in a strong position to do something about it.

GLTA
Bob

[RobinT]

Thanks.... Re MGAM. Will this cause the sp to rebound over $40 again?

[Bob22701]

IGT - Things are really quiet this week. That is probably due to G2E being held last week and management playing catch up this week. Back to the real world in other words.

My intuition (no inside information) tells me that IGT will announce a major acquisition between now and March 31, 2014. With the stock price recovery that IGT has seen the time is right. MGAM is a possible target. The other possible target is a private company that might create some FTC problems for IGT.

As soon as videos are posted for G2E I will provide links to them.

GLTA
Bob

[Bob22701]

IGT Brings Tournament Technology To Video Poker And Progressive Bonuses To Core Titles

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Bob

[Bob22701]

IGT and Caesars Entertainment Ink Video Poker Deal

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Bob

[Bob22701]

IGT's Doubledown Casino Partner Program Is On A Roll And Ready To Rock G2E!

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Bob

[Bob22701]

IGT - IGT Soars Into G2E 2013 With Bold New Brand & James Cameron's Avatar™ Video Slots Game Series

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Bob

[Bob22701]

IGT And Twentieth Century Fox Consumer Products Soaring Into G2E 2013 With Debut Of Game Series Based On James Cameron's AVATAR

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Bob

[Bob22701]

IGT - And they're off: IGT gives Tsogo Sun's Golden Horse casino a new advantage

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Bob

[Bob22701]

IGT - Sideem, I expect the price to see a drop after the shareholders of record date for the dividend. It has happened the past several quarters. The price will then shoot back up:

The dividend is payable on October 4, 2013 to shareholders of record on September 19, 2013.

GLTA
Bob

[Sideem]

IGT over $20.

[Bob22701]

IGT - IGT and Loto Quebec Launch Additional Online Casino Games; Bringing Popular Titles to Players in Canada

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Bob

[Sideem]

Inching closer to $20.

[Bob22701]

IGT Megabucks® Hits for $11,798,517 at Bonanza Casino in Reno, Nev.

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Bob

[Bob22701]

IGT widens partnership with Mr Green for mobile

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Bob

[Bob22701]

If you look at the 10 year price chart there is a lot more potential in IGT.

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Bob

[Kev2128]

Stock is holding up pretty good!