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SHFL entertainment, AŞ Message Board

  • soulec soulec Mar 14, 2013 11:19 AM Flag

    Just thinking to myself....

    I've traded in and out of SHFL for about 8 years, lost interest many years back and now like the days of old, the magic hands are raising the sp way more than earnings. I'm beginning to think this might be a future short position for me now that it's trading 3X above BV. Unlike the past when SM had a huge debt load, its now more of a valuation metric for me.

    I'm putting it on my radar for now, but it sure is getting pricy based on float to BV, congrats to those who bought in the high $12's to low $13's, you might want to take some profits off the table!


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    • It seems related to some of the online gaming hoopla, although that won't affect their earnings till 2014 or so. The last quarter report wasn't that great, but such is life with an "up" market!

      Sentiment: Hold

      • 1 Reply to wahnton1138
      • Looks like we are on the same page and agree the stock seems to be getting ahead of itself based on 2014 guidance. Deutsch buy rec about done?, they filled the June 2012 gap down before upgrading and now with a medium analyst target($18) they are probably looking at hedging stock and propping up to unload shares and downgrade to hold...IMO.

        Happens all the time, I'll be watching the short position increase next two periods to see if my theory is correct!

        The current rally based on earnings and charting history seems a little "agendish" to me. The stock was so overpriced in the 2005 to 2007 time line I find it hard to believe historically this stock is headed to $24-$25. If you believe in T/A, then that is the next lt gap up!

        It's on my radar and lets both hope that we don't see another pump and dump by the histrionically idiot bankers who weren't fired in 2009(:-) The market is getting high, now what?...slow growth or correction?