_______________________________________________ Maybe a rather bad hair day for market guru Rene Rivkin. About an hour after the close yesterday AINSWORTH GAMING revised its forecast profit for the year of just under $1m to a loss in the order of $3 to $8 million. The market may take it in its stride, since the loss seems to be mostly on a delay in receiving gaming approvals from Queensland and Victoria. Traders have not been noticeably forgiving of late. Rene Rivkin has been a stout defender of AGI, reiterating a "buy to $1.30" recommendation in late March and again at the end of April. In his late March report, when Ainsworth's CEO departed, Mr Rivkin said the company did not depend on the CEO - he had recently lunched with Len Ainsworth who had told him his health was in the top 5 per cent of 78 year olds - bit of a non sequitur? *****
AIG Price at posting:
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