There are a couple things I like about Youbet… their growth in earnings this past year, and the fact that they have greatly increased their assets through acquisitions (bought two companies last year – United Tote was one of them)… this is not a stock to hold for the short term (I’m not a day trader, I invest for retirement/profit) but I see potential for growth and gambling is a market that’s not going away. I’m a believer in “Sin Stocks” (alcohol, gambling, tobacco) when there is a possibility for recession - and we flirt with that each time Bernanke speaks these days...
This stock might not be right for everyone, but I’m going to put it in my portfolio…
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You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist.
- Friedrich Nietzsche on Handicapping
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