ANCHOR GAMING (SLOT): Will it bounce? Message Board

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Non-Tech : ANCHOR GAMING (SLOT): Will it bounce?

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Sep 27 5:00 PM EST

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To: PHILLIP FLOTOW who wrote (500)	8/4/2000 10:05:25 PM
From: Adelantado	Read Replies (1) of 508

News that gooses the market by over 11% (from $53 to $59/sh): " All Headlines RESEARCH ALERT-Lehman starts Anchor Gaming at buy NEW YORK, Aug 4 (Reuters) - Lehman Bros. on Friday said it started coverage of Anchor Gaming (NASDAQ: SLOT), which develops games and operates casinos, as a buy with a $78 12-month price target. -- Believes Anchor Gaming has its highest level of earnings visibility in the past two years. -- Expects the stock to act well in anticipation of the World Gaming Congress & Expo in October. -- Said confidence level centers around success of Anchor Gaming's joint venture with IGT and the integration of the Powerhouse Tech. acquisition, which was completed June 29, 1999. -- Said wheel games should carry earnings growth in fiscal 2001 and the early part of fiscal 2002. -- Said the Pala Casino could add 26 cents in fiscal 2002. -- Expects Anchor Gaming to generate $150 million in free cash flow over the next two fiscal years. -- Said the company will be "practically debt free" by fiscal 2002. -- Said "valuation reflects little investor confidence but we see this changing." -- Shares of Anchor Gaming closed at 53 on Thursday, between a 52-week low of 31 and a high of 64-7/16. " Why didn't this come out last year?

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