| Company Name: Bally Technologies Inc | Stock Symbol: BYI | Industry: Gaming |
| Percent Appreciation: 7,800% | Number of Bags: 78 | Holding Period: 14 Years |
| Entry Date & Price: October, 2000 @$1.00 share | Exit Date & Price: August,2014 Takeover @ $83.30 | Original Investment($10,000): $780,000 |
Company Description: Bally Technologies, Inc. is a diversified, worldwide gaming company that innovates, designs, manufactures, operates, and distributes advanced technology-based gaming devices and systems, as well as interactive and mobile solutions. As a global gaming-systems provider, we offer technology solutions which provide gaming operators with a wide range of marketing, data management and analysis, accounting, player tracking, security, and other software applications and tools to more effectively manage their operations. Our primary hardware technologies include spinning-reel and video gaming devices, specialty gaming devices and wide-area progressive systems for traditional land-based, riverboat, and Native American casinos, video lottery and central determination markets, and specialized system-based hardware products.
Quick Trading Overview & Objective: While Bally Technology’s stock price has appreciated only a little over 300% since first going public in 1982, we will begin our analysis at a multi decade bottom that had occurred in 1999-2000. Bally’s stock price hit bottom in May of 2000 at around $0.42 a share before staging an impressive 20,000% rally (a 200 bagger) between then and the January of 2014. We will initiate our coverage at this 1999-2000 bottom of around $0.40-0.50 a share (split adjusted) in order to see what had caused the company to appreciate over 7,800% between 2000s tradable bottom and today.
We will go back in time and take an in depth look at the company in order to determine if we could have taken a long position at that time. More importantly, we will look at Bally’s fundamental and trading patterns over that period of time in order to ascertain if we would have been able to maintain our position over a 14 year period of time and/or until the takeover bid for Bally’s Technologies was announced on August 1st, 2014 by Scientific Games Corporation at $83.30 a share.
To Be Continued On Monday……..
