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Dover Downs Gaming & Entertainment Inc. Message Board

  • lostit502 lostit502 Nov 16, 2006 10:44 PM Flag

    downgrade to sell

    I don't know why....whats wrong with a stock that gives a dividend and a 3 for 2 stock split?The company seems to be making money hand over fist and expansion plans are in place.You don't have have to be a to darn smart to find that information out so I think this is one of the best stocks out there to hold.I wonder if Stifel Nicolaus has a short position. If your going to say sell then at least list a few reasons behind it.

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    • NEW YORK, November 16 (newratings.com) - Analyst Steven Wieczynski of Stifel Nicolaus & Company downgrades Dover Downs Gaming & Entertainment Inc (DDE.NYS) from "hold" to "sell."

      In a research note published this morning, the analyst mentions that the company�s share price has appreciated by 25% since the beginning of October due to its better-than-expected 3Q06 EPS and investors optimism regarding a consolidation among regional racetrack/racino operators, following the Jacobs Entertainment�s stake acquisition in MTR Gaming. The analyst believes that Dover Downs Gaming & Entertainment�s revenues would be pressurized by the launch of slot machines in Pennsylvania and in Philadelphia within the forthcoming three months

      http://www.newratings.com/analyst_news/article_1423249.html

    • Last downgrade to sell I saw was IVAC -- downgraded at 16.

      This is a walkdown.

      Stifel downgraded FTEK last year at 6.50.

 
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