SHFL reported their earnings last week, and they sucked. The earnings sucked the quarter before that. They also sucked the quarter before that. I got sick of the stock and sold it.
I moved my money into ATVI. Everyone I talk to enjoys the game of Guitar Hero. My one friend who cannot stand to play videogames enjoys playing it.
I also opened a new position in WMS. I recently read about the move to upgrade casino floors to "server-supported gaming." The gist of it is that instead of having static machines on casino floors, they will instead be terminals that allow the user to select the denomination of the game and the specific theme (ie. Betty Boop or Wheel of Fortune). I am noticing the troubles that Atlantic City is starting to go through. They are getting beat up by local "racinos". Harrah's Chester beat Trump Marina and two other Atlantic Casinos. Atlantic City is going to have to come up with some new ideas if they don't want to lose out. One of the things I think they will do is upgrade their Casino floors. That is where WMS Industries comes in.
On another note, the smoking at Atlantic City is really annoying. I don't know how people stand it. My wife is pregnant and now my kid has been subjected to smoking/nicotine at the age of -3 months - that's right negative 3 months.
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