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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (25437)12/4/2006 10:11:39 AM
From: Madharry  Read Replies (2) of 78702
 
I have now got my full position in azecf. (ARUZE) which is japanese maker of arcade games, ownere of arcade parlors , and maker of slot machines and othere gaming machines . The arcade game business is not doing well and is in transition. some of the games are being marketed now as games to be played on cell phones. But the main reasons why I purchased the stock and made it a large position in my portfolio are: 1. It owns a large position in Wynn , whose value is more than the current market cap of the company, so the rest of the business is free. 2. There is a good likelihood that Japan will permit casinos in the next few years there fore Aruze/Wynn will be a ground floor opportunity. Aruze will win two ways by participating in a casino and buy selling gaming machines. Aruze has an excellent website and all of its financial information is there. 80% of the company is family controlled. This is one example where I am liquidating stubs to participate in a new position I really like. 3. The company may benefit from increased consolidation in the gaming industry. 4. The company trades and derives most of its revenue in foreign currency. 5. I believe the Japanese are becoming larger investors in their own stock market. A stock like Aruze might well capture their interest as japan moves through the casino approval process.
As always do your own dilligence.
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