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Originally Posted by DerbyCat
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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Look they sold 6.2 million extra shares in December at 3.25. That basically put a ceiling on it near term and dipped it back below 3....If you are looking for a trade and think it could go to 4 sometime this year, I guess it is possible. The United Tote acquisition wasn't a bad idea. But long term, I don't think this stock sees 10 dollars before next decade.