Ann: AGI Release re MTD Acquisition, page-5

Originally posted by Len

The problem is how long will the world economy be down. Can Casinos open up safely? V shaped recovery or W or L? I am thinking L for this stock. What's your thoughts?

I think this chart speaks volumes about my thoughts. AGI had a good run between 2012 and 2014, but since 2014 they have been on a constant slide south. The AGI team doesn't seem to have the capabilities to drive the business forward in a positive direction. The new CEO has been in the job for almost 12 months and as yet I've not seen a clear and focused strategy for recovery. Their casino/pub products still stink, their online business contributes nothing to the bottom line and they have made no moves into adjacent businesses in an attempt to diversify from just selling cabinets to casinos/pubs. Importantly, as far as I can tell AGI still has the same D-grade management team that has been in place since 2014 and pretty much has the same board. So forgive me if I'm not upbeat on AGI's prospects but AGI appear to have wasted the past 6 years and unless I'm missing something I'm not sure what their plan is--maybe they're just content to keep churning out crap games until they hopefully get something that works.