Shuffle Master, Inc. (SHFL) Message Board

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Non-Tech : Shuffle Master, Inc. (SHFL)

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To: Peter Speyer who wrote (50)	9/18/1997 11:39:00 PM
From: James Perry	of 230

Gee, this thread is pretty inactive, and I see the same is true of the stock price. But in the interim, I see that the Chairman and CEO have resigned. I see that Let It Ride is being discontinued as a game in which SHFL participates, but that two other games have been tested with positive results and that they will be licensed to Casinos - one of them was producing over $3000/month per machine (looked like it could be used on Video poker), the sales force has been doubled and they have taken on IGT as an advisor. Casinos will not be precluded from banking Let it Ride if they choose to do so, but it was a lot like the lottery - super big payoff, very long odds, and hopefully it would take in enough for profits plus payoff before a hit. I first noticed the company when the price was $17, and I thought it then was too high vs. earnings. Now, I see that the current quarter has produced positive income despite the fact that a 3.4 million dollar bad note was written off against income for the quarter. - or such was my interpretation of the SEC filing. At this point I certainly am a buyer and really believe it should see that $17 per share again within the coming year.

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