Wll at least I have some backers and their outlook is as dismal as mine. The 7 buck call was based on the stock price before the IGT-OES takeover. I figured once that failed fair value would return once they factored out the euphoria over what might have been. Today they look worse than ever and we haven't much change except for a few aquisitions. Unfortunately rather than investing in talent(that means hijgh perfromance employees), they chose #$%$ companies or companies they couldn't integrate into their culture. Meaning that SGMS culture is reactive as it always has been, its not proactive as it should be. There's no time for development when your still developing legacy systems that should have been retired years ago. None of ALW's promises and visions have come to fruition, not one. Benefits from Server side? Show me. Benefits from China? show me. Benefits from privitization? show me. Its been a long time and still nothing for the shareholders. How many companies can survive under these conditions? not many.. My valuation today is more like 2 bucks.
If Deuche says 6 then I say 2. It amazes me that it hasn't broken 5(came close). The short ratio on this stock is 5 rather high and so I am not alone Good call SF. Rock on !!
Well, you convinced me. I sold at $8.25 after watching it plummet and then watched it go back up to $8.55. Did you grab my shares? Probably. Here's the moral of that story: don't listen to the bashers on these boards because they will #$%$ EVERY single time.