Serling driving up YouBet stock?

[randallscott35]

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…

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.