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

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To: Tony van Werkhooven who wrote (129)2/23/1999 10:42:00 AM
From: Ron Bower  Read Replies (2) of 230
 
biz.yahoo.com

I like what I see in the Q report. The conversion from shuffler sales to leased units has caused a decline in Q earnings, but will be accretive long term as they increase the number of units on lease.

Pulling 'Let It Ride' out of NJ also hurt, but this too should be a short term situation if the company is to be believed. I have looked at the two games and cannot see Mikohn has much of a case.

Discount the explainable deductions and there's good growth. The multi-deck shufflers have strong lease potential. They should contribute to this coming years revs and earnings and increase the number of single deck units out.

Now leaning against the buyout as the company looks promising on it's own. Of course, this increases the likelihood of the buyout.

JMHO,
Ron
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