Canadian players are the first in line when it comes to gambling stocks. According to Robert Winslow, an analyst with Wellington West, who issued the report on the gaming industry, said things appear better and better.
In spite of the not such good results of the fourth quarter with somewhat decreasing revenues, Mr. Winslow maintained that the British gambling firm had a great potential for improving its fundamentals via acquisition activities. If successful, the venture could take the stock as high as $8, 50% higher than the current cost. He later added that the long term goal is to become more attractive to potential suitors by altering the share structure.
The numbers favor Canadian e-gambling stocks which show that if invested in would earn nearly $35,529, a return of 255%, as opposed to the return of 127% if invested in land-based gambling stocks. Mr. Winslow recommends three gambling stocks trading on the Great Canadian Gaming Corporation with a $60 target price.
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| Source: Gamblingsmart news Staff
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Saturday, 16 April 2005 |
Thursday, July 29 2010 
