I've owned Bally Entertainment, for a long time and watched the stock surge from $9 a share in 1996, to over $31 at one point in 1996, most of which was due to it's takeover by Hilton Hotels. Hilton Hotels is now, with the takeover, THE major player in the gaming industry, besides being a world leader in the Hotel and lodging industry. At it's present price around $26-$27 the stock is a pure bargain. It should test the $40 range before 1997 is finished. With CEO Bollenbach at the helm and former CEO of Bally, Goldberg, running the Casino side of the operation Hilton is primed to be, if they are not already, one of the top Corporations in the country. Both Hilton and Bally have turned in outstanding earnings in 1996, and 1997 should be even better.
It's a Winner!
Howie |
