I have noticed that IGT the largest manufacturer of slot machines has been in a steady decline lately, and just about to break down below $26 a share.
I was wondering what those that follow the market think about this stock as a buy?
I live in Maryland. Pennsylvania has already approved slot machines and expects to need 61,000 machines when they are up and running. Maryland has tentatively approved a slots bill with different versions from both the house and senate needing to reach a compromised bill before the gov. can sign it into law with approx 10-12,000 slots to be purchased.
Also Florida passed slot legislation in one of their counties for use at the race track.
I realize that the slots aren't going to be ordered tomorrow but thought that this might be a possible buy and hold for awhile.
Any thoughts would be greatly appreciated.
I was wondering what those that follow the market think about this stock as a buy?
I live in Maryland. Pennsylvania has already approved slot machines and expects to need 61,000 machines when they are up and running. Maryland has tentatively approved a slots bill with different versions from both the house and senate needing to reach a compromised bill before the gov. can sign it into law with approx 10-12,000 slots to be purchased.
Also Florida passed slot legislation in one of their counties for use at the race track.
I realize that the slots aren't going to be ordered tomorrow but thought that this might be a possible buy and hold for awhile.
Any thoughts would be greatly appreciated.
