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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (39961)	7/6/2011 9:15:11 PM
From: Paul Senior	Respond to of 78670

Slot machine maker WMS down today to new 12-mo low. Perhaps due now to analyst downgrade. I decided to to add to my losing WMS position by swapping out of my losing position in competitor IGT. I cannot seriously justify WMS as a value stock. I can say relative p/e, maybe 13-16x, is low compared to recent past years. Otoh, I don't know what the order/replacement cycle is for the casinos who purchase the slots, or the success possibilities of WMS's technology or new games. WMS with no ltd is going to be a competitor in the sector. At what stock price though, I do not know. finance.yahoo.com