International Game Technology PLC (NYSE:IGT) Q1 2024 Earnings Conference Call May 14, 2024 8:00 AM ET Company Participants James Hurley – SVP, IRVincent Sadusky – CEOMassimiliano Chiara – CFO Conference Call Participants Barry Jonas – Truist SecuritiesJeff Stantial – StifelDavid Katz – JefferiesChad Beynon – MacquarieJoe Stauff – SusquehannaDavid Hargreaves – Barclays Operator Thank you…
Jon Feingersh Photography Inc/DigitalVision via Getty Images Time for a shave It has come the time to count one’s blessings. Those who have bought and held shares of a lot of demolished blue chip stocks since the fortuitous bottoms in 2020 and 2022 have a lot to be thankful for. Yes, it takes some skill…
12963734 Investment thesis Shell plc (OTCPK:RYDAF) made headlines recently when CEO Wael Sawan mulled a New York listing as potential move to close the valuation gap with American peers like Exxon (XOM): By mid-2025, if the valuation gap remains, then Sawan made clear nothing is taboo, including switching the listing to New York. Source: Reuters…
bizoo_n My Thesis I believe the recent shift in PayPal Holdings, Inc.‘s (NASDAQ:PYPL) management has been a real game changer. Against the backdrop of continued product expansion, underestimated market expectations for future earnings, and favorable valuations, PYPL stock remains one of the most obvious large-cap”Buy” ideas right now. My Reasoning In January 2024, I initiated…
Natali_Mis We previously covered Affirm (NASDAQ:NASDAQ:AFRM) in January 2024, downgrading the stock to a Hold, due to the overly optimistic rally by +175.9% since the October 2023 bottom. While the fintech continued to demonstrate profitable growth, we did not believe that the stock’s eye-watering premium was sustainable then. Combined with the elevated short interest, we…
da-kuk A few weeks ago, we used this space to write about China and India, the two largest countries in the world by population that both figure prominently into the global economy. If you recall from our commentary that week, India’s stock market has been going gangbusters while China’s has brought nothing but disappointment to…
RyanJLane One of the most common sayings that I have heard is, ‘may we be cursed to live in interesting times’. And these most certainly are interesting times. This is true on a macro scale. But it’s also true when talking about individual investment opportunities. As an example, we need only look at International Game…
Rawpixel The Middle Eastern social media and gaming company’s revenue rose 7.7% in the fourth quarter, as its profit soared nearly 80% on better monetization and cost controls. Leading Middle Eastern social media company Yalla Group Ltd. (NYSE:YALA) is getting ready for “Act Two” of its move into mid- and hardcore games, after drawing the…
adventtr/E+ via Getty Images The iShares Exponential Technologies ETF (NASDAQ:XT) continues to be one of my go-to holdings for several reasons: 1. Market conditions are so wacky (technical term there) that I feel the need to have a representative position that grabs its fair share of a potential “moonshot” up move which could be either…
bin kontan/iStock via Getty Images Uniswap (UNI-USD) is a protocol and token that I’ve covered a few times for Seeking Alpha over the last couple of years. The protocol is the leading decentralized exchange, or DEX, in the crypto market and has integrations with 13 different EVM blockchains including Ethereum (ETH-USD), Aribtrum (ARB-USD), Polygon (MATIC-USD),…
Drew Angerer Investment Thesis There’s the realization that Twilio’s (NYSE:TWLO) days as a growth business are now in the rear-view mirror. A lot of people reached out to me that I called Twilio wrongly. This is true. Absolutely and undeniably so. What a lot of people appear to get confused with, is that in this…
No-Mad Listen here or on the go via Apple Podcasts and Spotify Danielle DiMartino Booth shares why Jerome Powell is a man on a mission and why this is where he wants to be (0:35). Should we trust economic data coming out? (2:20) Importance of following real time layoff data (4:30). This is an abridged…
Dan Kitwood/Getty Images News We like financials, and since 2023, we have decided to overweight the European diversified financial companies. Euronext Group was our high-conviction idea (and the best performer on a stock price appreciation); however, we view the London Stock Exchange Group (OTCPK:LDNXF, OTCPK:LNSTY) and Deutsche Börse positively. These rating statuses were due to…
Sean Anthony Eddy Introduction Two events have reshaped the economics of financial exchange management. First, the death of LIBOR revealed the exposure of futures exchange major markets to sudden death due to futures exchanges’ lackadaisical attitude resulting in their failure to protect the viability of the spot markets used to settle their important futures contracts….
cemagraphics In my last three posts, I looked at the macro (equity risk premiums, default spreads, risk free rates) and micro (company risk measures) that feed into the expected returns we demand on investments, and argued that these expected returns become hurdle rates for businesses, in the form of costs of equity and capital. Since…
Significant shifts are underway in the ecosystem of illicit actors using cryptocurrency. According to a 2023 report by TRM Labs, Bitcoin is no longer the asset of choice for criminals. The report states, “The multi-chain era has had a sweeping impact on the distribution of illicit crypto volume as a whole, where Bitcoin’s share plummeted…
SasinT Gallery/Moment via Getty Images Trulieve Cannabis Corp. (OTCQX:TCNNF) [CSE:TRUL] presents a fantastic opportunity for investors interested in the U.S. cannabis sector. Its high-quality and consistent leadership, sound business strategy, and a genius tax plan can yield great results for years to come. This position aligns with Seeking Alpha’s Quant Rating of “Buy”. Introduction Trulieve…
AndreyPopov/iStock via Getty Images By Breakingviews The initial public offering trail for Amer Sports (AS) warrants a black-diamond rating. The maker of Salomon skis and Arc’teryx parkas is sounding out new investors after a group led by ANTA Sports Products (OTCPK:ANPDY) bought it for about $5 billion in September 2019. Impressive growth in China should…
Operating within tightly regulated stock exchanges, ETFs ensure accessibility through existing retail investors’ brokerage accounts, subject to stringent supervision. In a historic decision, the US Securities and Exchange Commission (SEC) granted approval to exchange-traded funds (ETFs) that mirror the price of Bitcoin. This marks a significant breakthrough for the cryptocurrency industry, which has sought to…
wildpixel/iStock via Getty Images CSP Inc. (NASDAQ:CSPI) is a provider of IT, cloud, security, and computer system products and services. Supply chain issues during the height of the COVID-19 pandemic created a backlog buildup. No contracts were lost. CSPI reported year over year 2023 increased revenues of 19% and increased income of 161%, as the…
This article is featured in Bitcoin Magazine’s “The Primary Issue”. Click here to get your Annual Bitcoin Magazine Subscription. Click here to download a PDF of this article. Come with me to the land of saffron and rosewater for a story lost in the annals of history. This ancient kingdom, rich in history and once…
Torsten Asmus/iStock via Getty Images It’s a sort of “game over” for ByteDance Technology Ltd. (BDNCE). The TikTok parent is restructuring its gaming business and prioritizing other long-term strategic growth areas, according to numerous reports last week saying the company would significantly downsize its Nuverse gaming brand. The move marks a rare setback for ByteDance,…
jetcityimage Over the past two years, CVS Health Corporation (NYSE:CVS) investors have experienced ~33% top-to-trough drawdown. A raft of recent commentary from S.A. readers indicate a general aversion to the stock and disdain for the management team. On the other hand, I’ve owned CVS shares for about five years now. Sure, I would have preferred…
peshkov The last time I doubled down on Upstart Holdings, Inc. (NASDAQ:UPST) was in August of this year. I doubled down on the fintech primarily because the earnings multiple compressed greatly after Upstart Holdings reported 2Q-23 earnings. With Upstart Holding’s stock experiencing yet another crash after 3Q-23 results were released, I have grabbed more shares…
mbbirdy Shares of International Game Technology (NYSE:IGT) have been a solid performer over the past year, rising about 10%. However, they have fallen over 10% in the past months, given some concerns about the health of the consumer, which could weigh on gaming industry dynamics. IGT is delivering well, expanding margins, strengthening its balance sheet,…
Ivan Pantic When Corsair Gaming, Inc. (NASDAQ:CRSR) went public in September 2020, the market reception to the public offering was muted, despite a red-hot IPO market and great demand for gaming (and related equipment). Despite this soft market reaction, I was quite cautious on Corsair, although this caution was far too early with the benefit…
onurdongel/iStock via Getty Images When Anta Sports Products Ltd. (OTCPK:ANPDF, OTCPK:ANPDY) (2020.HK) opened its first store in Bangkok late last month, it was following a game plan laid out years earlier by Chairman Ding Shizhong, who declared: “We don’t want to be China’s Nike, but the world’s Anta.” Since founding the company in 1991, Ding…
Racing Fans Attending An F1 Grand Prix justhavealook/iStock Unreleased via Getty Images Earlier this year, I wrote about the limits of growth for Formula One Group (NASDAQ:FWONA;OTCQB:FWONB;NASDAQ:FWONK). There have been developments since which compel me to revisit my thesis. Below, I will discuss recent developments and how they impact the investment case in my opinion….
Justin Sullivan What To Expect From Home Depot’s Q3 Earnings The Home Depot, Inc. (NYSE:HD) is one of the bluest of blue chips on the market. It has a storied history as one of the great brands that rose to prominence in the latter half of the twentieth century, but it retains many benefits for…
gremlin/E+ via Getty Images We previously covered Tesla, Inc. (NASDAQ:TSLA) in July 2023, discussing the stock’s premium valuations and optimistic recovery since the January 2023 bottom. It appeared that Mr. Market had been convinced about CEO Elon Musk’s Full Self-Driving [FSD] as a SaaS (Software as a Service) strategy, since the automakers’ Service gross margins…
Layer-1 blockchain Avalanche is known for its speed, low cost, scalability, and security. Blockchain horse racing game NEOBRED has announced that it is integrating with blockchain Avalanche to provide players with a superior gaming experience by leveraging the network’s speed and cost-effectiveness. A spokesperson from NEOBRED said of the integration: “We are excited to integrate…
FotografieLink/iStock via Getty Images Everyone Has a Will to Win, but Very Few Have the Will to Prepare to Win — Vince Lombardi. I was doing some research on my income investments while watching Monday Night Football (great game for Vikings fans!) when I came across a recent Insight post from Nuveen Investments. The title…
TORXF Five-Year Outlook (Torex Gold Presentation) bodnarchuk Introduction The Toronto-based Torex Gold Resources Inc. (OTCPK:TORXF) owns the Morelos Gold property in Southern Mexico, comprising its El Limon Guajes mining complex – ELG for short – and the Media Luna deposit, where it holds 100% interest. It is called the Morelos Complex. On October 11, 2023,…
SweetBunFactory Over the summer, I concluded it was a maximum mess in the case of MaxLinear, Inc. (NASDAQ:MXL). This came as the business outlined a dismal third quarter outlook while terminating the deal with Silicon Motion Technology Corporation (SIMO). Quite frankly, I believed that the news was both good and bad at once, making it…
bin kontan/iStock via Getty Images W. P. Carey Inc. (NYSE:WPC) announced that it would spin off its office real estate portfolio into a separate publicly traded real estate investment trust and that it would sell its remaining office properties that are not part of the spin-off transaction. The announcement led to a major selloff last…
kovop58 fuboTV (NYSE:FUBO) was one of the high-flying stocks that have crashed back down to earth given the situation in the market. Recently though fuboTV stock has rallied yet is still trading at a fraction of its price just two years ago. Is now a good time to enter? fuboTV Liquidity Not as Good as…
The Tokyo Game Show 2023 will feature Oasys and double jump.tokyo, highlighting the latest trends in blockchain gaming. The Tokyo Game Show 2023, renowned as one of Japan’s largest gaming expos, is set to host a significant exhibition on blockchain gaming. Oasys, a blockchain-based game development platform, and double jump.tokyo will be the main attraction,…
lersan8910/iStock via Getty Images Thesis There have been many articles written about Enovix (NASDAQ:ENVX) that cover the technology, potential demand and use cases, and management’s projections. Since the company is essentially pre-revenue, this appears to be all that we can go off of. Rather than focus on the projected quantitative aspects as many authors have…
As TinyTap looks to the future, the company is gearing up for the second phase of its AI strategy. Set for a 2024 launch, the AI “Practice Anywhere” tools are poised to transform the way children reinforce their learning outside the classroom. TinyTap, a pioneering subsidiary of Animoca Brands in the field of educational technology,…
Phiromya Intawongpan GDEV Inc. (NASDAQ:GDEV) is the owner of the Hero Wars video game, and recently reported positive FCF as well as double digit paying users and active users growth. In my view, as soon as market participants review the recent corporate developments, and understand the potential growth of GDEV, we may see growing demand…
Robert Way The electric vehicle industry is showing promising signs of improving investor sentiment after XPeng (NYSE:XPEV) announced that it received a $700M investment from German auto company Volkswagen (OTCPK:VWAGY) (OTCPK:VLKAF) (OTCPK:VWAPY). In a strategic partnership, XPeng and Volkswagen agreed to jointly develop two battery electric vehicles under the Volkswagen brand and the deal could…
Saranya Yuenyong/iStock via Getty Images Investment Thesis Meta Platforms (NASDAQ:META) share price jumped 7% premarket. And guess what? I believe that we’ll look back in twelve months and see that paying $320 per share for Meta was a bargain. Recall, since the start of 2023, mega-cap Meta’s share price was already up more than 130%…