BetCorp has recently been recommended as a buy on the (notorious) Rivkin Report at around 62c...
However, unlike Rivkin who is a bit in the wars at the moment, some things appear to be going the right way for BCL making it a potentially very successful online gambling operation - BCL expects to declare a dividend on the full year 2003 results. - It has 2 subsidiaries - Sportsbet and Worldwide Telesports. -Sportsbet's earnings are growing, and though it made a loss for the last nine months it is expected to make a final quarter profit. -Worldwide Telesports has been introducing new sports enabling BCL to tap into the Asian market. -But it's all about the numbers, and the RR puts BCL on a prospective PE Ratio of only 5.9 (at 63c), leaving plenty room for a tidy revaluation over the next year. -As a further plus, gambling is considered to be a defensive industry so BCL should be quite resilient to any downturn in the market.
Do your own research on this one, the more you read the more you will like it. Sounds like one to stash cash in if you think the wider market might dip a bit.
