CANSLIM - COAST TO COAST Message Board

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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: Judy Muldawer who wrote (5806)	12/29/1999 11:32:00 AM
From: Bruce A. Brotnov	Read Replies (2) of 6445

Judy, I see news was announced on 6 Dec that IGT would offer to recall 11 million (of 85 million) shares at $21. The chart is fine and a pretty solid base in 18-21 area and they also received $29 million in legal settlement from another firm, and probably using the settlement towards buying back shares as well. Next year estimate is 1.77 and current PE is 35 vs 41 for gaming sector. I don't follow this sector but even a conservative 25 PE makes it worth $44 and for a long term holder like you - I suspect you will probably keep your shares. Bruce

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