Matthew Kidman: Let’s go to slot machines, poker machines as we know them. The baby: Ainsworth: buy, hold or sell?
1
Shane Fitzgerald: It’s a hold for us. Actually, we recently covered a short position this one, so not surprised I’m saying hold now. It’s been beaten up by the rampaging success of the Lightning Link product that Aristocrat has. These things have natural cycles to themselves. It’s too early to get aggressive and buy Ainsworth, but the valuation differential between it an Aristocrat, now, is extreme. Hold.
2
Matthew Kidman: It seems to be doing okay in the U.S., not so well here. Ainsworth: buy, hold or sell?
3
Jeremy Bendeich: We’ve got a buy on this one, for very similar reasons to Shane. It’s at the bottom of a cycle that is typically a mean reversion that goes on in these industries, and Aristocrat’s C.E.O. recently leaving might be a sign that Aristocrat’s peeked. The peer’s trade on that one could indicate that this is a buy.
AGI Price at posting:
$1.82 Sentiment: Hold Disclosure: Held
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