Wednesday, July 17, 2013

Top Casino Stocks For 2014

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Global Cash Access (NYSE: GCA  ) have plunged today by as much as 10% after the company reported first-quarter earnings.

So what: Revenue in the first quarter added up to $146.8 million, with earnings per share of $0.09. Both results were well below forecasts, as investors were expecting the company to report sales of $149.2 million and $0.19 per share in profit. CEO David Lopez said the results were right on target to meet its full-year guidance.

Now what: Lopez said that GCA's kiosk business and sales pipeline continue to improve, and that the company is working to provide even more cash access delivery systems to the market. GCA is reaffirming its 2013 outlook, with adjusted EBITDA expected in the range of $70 million to $74 million. The company noted that there's little to no growth in the domestic gaming industry and no significant casino openings expected this year.

Top Casino Stocks For 2014: Shengkai Innovations Inc.(VALV)

Shengkai Innovations, Inc., through its subsidiaries, engages in designing, manufacturing, and distributing ceramic valves and components for industrial use in the People?s Republic of China. It provides ceramic valves in various categories, including gate valves, ball valves, back valves, adjustable valves, cut-off valves, and special valves. The company also offers a series of services related to industrial ceramic valves comprising manufacture, installation, and maintenance of general industrial ceramic valves, as well as the design and manufacture of various non-standard ceramic valves. It sells its products to electric power, petrochemical, chemical, aluminum, and metallurgy industries through direct sales force and agents. The company also exports its products to Europe, North America, and the Asia-Pacific region. Shengkai Innovations, Inc. is based in Tianjin, the People's Republic of China.

Top Casino Stocks For 2014: Scripps Networks Interactive Inc(SNI)

Scripps Networks Interactive, Inc. operates as a lifestyle content company in the United States and internationally. It engages in the operation of television networks, including Home and Garden Television, Food Network, Travel Channel, DIY Network, Cooking Channel, and Great American Country. The company also operates Websites, including FoodNetwork.com, Food.com, CookingChannelTV.com, HGTV.com, DIYnetwork.com, and Travelchannel.com that are associated with its television networks and other Internet-based businesses serving food, home, and travel related categories. Scripps Networks Interactive, Inc. is headquartered in Knoxville, Tennessee.

10 Best Stocks For 2014: BroadVision Inc.(BVSN)

BroadVision, Inc. develops, markets, and supports enterprise portal applications. The company?s applications enable companies to unify their e-business infrastructure and conduct interactions and transactions with employees, partners, and customers through a personalized self-service model. Its solutions include business agility suite, a portal that provides personalized views of information and processes from diverse internal, external, and legacy sources; commerce agility suite, an e-commerce system for transacting business on the Web, ranging from lead generation, navigation, category management, incentive, shopping cart, and order execution to customer care; Clearvale, an enterprise social network solution, which organizes multiple social networks into ecosystems and manages them; Clear, an SaaS-based collaborative human resources management system solution that facilitates collaboration by members of customers organization in the phases of the HR management life cycl e; and QuickSilver, a publishing system for various documents. The company also provides various services, such as portal services for organizing and presenting information; commerce services for transacting business on the Web; process services for transforming people-intensive processes and collaborations into Web-based self-service applications; content services for managing Web content; staging services for moving content from multiple development environments to production environment; eMerchandising for creating, managing, implementing, tracking, and analyzing sales discounts and incentives; and search for full-text and field searching of online content and referenced external files with relevance ranking. It has operation in the North and South America, Europe, the Asia Pacific, and the Middle East. The company was founded in 1993 and is headquartered in Redwood City, California.

No comments:

Post a Comment