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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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No gambling is not going away. It will not ever. But gambling on HORSES, is not exactly growing by leaps and bounds, as in new fans to the sport. Fans who put money through the window.
If I were to think about anything regarding investment into gambling, it would be something that involved poker and slots.
As for my retirement, give me Berkshire Hathaway, Microsoft, and the oil companies over anything that involves four legs. They, I think, are more likely to be there when I need them than horserace wagering entities.