i've decided to buy stock in party gaming and i want your opions on whether you think this is a good business decision. Since the unlawful gaming act was passed in the states party's stock dropped by 70% and is now trading at .50cents, but also recently it was reported that the European Union may take legal action against the unlawful gaming act to reverse it..if this happens and is successful my feeling is party's stock will explode back up. Second even if this doesn't happen party is a secure business and if in the future they are able to expand to the asian market, (which is just starting to catch the poker bug and i'm assuming a poker boom will fallow in asia bringing major cash tounry's) If this happens i'm thinking the poker sites will see profits which surpasses what they make from the american market bringing the stock back up. So what do you guys think?
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lets take all the life savings of all the senior PFO members and buy a controlling interest in the company... then reopen partypoker to US players and watch our money skyrocket... hehehe

lse based gambling stocks (e.g Ladbrookes, William Hill) have always had very good earnings/profits and profit prjections.

Even the medium sized gambling companies always operate at a discount to sector. To be brutal, no investment house likes investing in these - they are not "good business" for all sorts of reasons.

Party has had its first flush on the market. All anticipated news is discounted in the price. I'm not buying...

dude, i track stock market, and I am gonna get degree in finance. right now I take a bunch of gay econ classes. I would heavily advise you not to buy party gaming stock.

I know it is tempting to purchase a stock that has dropped like this, hoping you are buying it @ a bottom. I'm guessing it will go up when/if they announce that they will re-open to US players. But I don't think it will grow, mainly b/c the industry will keep getting raped over next few years.

Some things are very good though; very low P/E ratio, also pays a dividend.

If you wanan buy it, compare it based on cryptologic's stats. (CRYP) Crypto logic has been absolutely on fire last 6 months, so stats may be a little skewed.

I think both would be high risk/speculative. So if this would make up 100% of your portfolio, I think you would not be investing wisely. If you really wanna invest in party, at the very minimum chuck 50% into party, and 50% into a low risk value stock or index fund, like S&P 500 Index - "Spiders" (Public, AMEX:SPY), or GM (general motors).

BUt really I would suggest having 5 or 6 stocks, where party gaming would be 1 of them (and would not be more than 15% of your portfolio).

gl

Originally Posted by gder03

dude, i track stock market, and I am gonna get degree in finance. right now I take a bunch of gay econ classes. I would heavily advise you not to buy party gaming stock.

I know it is tempting to purchase a stock that has dropped like this, hoping you are buying it @ a bottom. I'm guessing it will go up when/if they announce that they will re-open to US players. But I don't think it will grow, mainly b/c the industry will keep getting raped over next few years.

Some things are very good though; very low P/E ratio, also pays a dividend.

If you wanan buy it, compare it based on cryptologic's stats. (CRYP) Crypto logic has been absolutely on fire last 6 months, so stats may be a little skewed.

I think both would be high risk/speculative. So if this would make up 100% of your portfolio, I think you would not be investing wisely. If you really wanna invest in party, at the very minimum chuck 50% into party, and 50% into a low risk value stock or index fund, like S&P 500 Index - "Spiders" (Public, AMEX:SPY), or GM (general motors).

BUt really I would suggest having 5 or 6 stocks, where party gaming would be 1 of them (and would not be more than 15% of your portfolio).

gl

my dad suggested the same thing and i was looking to also invest into dimonds mines up north.. i've been thinking about investing in the stock market for a while and i know this would be a high risk investment so i will invest in other stocks.. i'm going to run the numbers over with my dad and see what he thinks, but i think i'm going to purchase some stocks no more the 200$ worth..
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Originally Posted by LeeJones

Buy stocks in Party Poker?

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Now watch me put my dick in a blender.

this post convinced me.. i'll do it!!!!!!
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