Why the Odds Now Favor Elixir Gaming Technologies Inc. (EGT)
An assertive management team can turn a business around. Their stocks deserve investor support even if recent track records have been poor. Here is a case in point. The second week of July 2008 has ended with the stock price close to the 52-week low. The Beta is 1.56 and the Earnings per Share have touched a disappointing -5.05. The company makes devices for gaming tables. Computer-based systems shuffle decks of cards, verify cards, and tag chips and plaques through radio-frequencies. The company’s distribution network includes Asia and Europe, apart from the Americas. It serves an important recreation need of…