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CNTY, LTFD, SHFL, IGT, MGAM, MGM, Gaming Stocks Undervalued

^{Published on 2011-05-31 07:10:23 - WOPRAI}
 

May 31, 2011/ M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the Gaming sector and these stocks are the most undervalued as of today. CENTURY CASINOS INC (NASDAQ:CNTY), LITTLEFIELD CORP (OTC:LTFD), SHUFFLE MASTER INC (NASDAQ:SHFL), INTL GAME TECHNOLOGY (NYSE:IGT), MULTIMEDIA GAMES HOLDING CO (NASDAQ:MGAM), MGM RESORTS INTERNATIONAL (NYSE:MGM) are all expected to go Up as they are Undervalued according to industry standard valuation metrics. The valuation model employs a three-factor approach to stock valuation using fundamental variables--the company's trailing 12-month Earnings-Per-Share (EPS), the analyst consensus estimate of the company's forecasted 12-month EPS, and the 30-year Treasury yield--to create a highly accurate reflection of a company's fair value.

The chart below displays the projected Fair Value and Valuation discount/premium of the most undervalued stocks in the highlighted industry group:

     Symbol     Company Name                        Last Close     Fair Value     Valuation                   Industry               
     CNTY       CENTURY CASINOS INC                 $2.90          $3.44          15.70% Undervalued          Gaming                 
     LTFD       LITTLEFIELD CORP                    $0.63          $0.67          6.00% Undervalued           Gaming                 
     SHFL       SHUFFLE MASTER INC                  $10.67         $14.70         27.40% Undervalued          Gaming                 
     IGT        INTL GAME TECHNOLOGY                $17.20         $18.08         4.90% Undervalued           Gaming                 
     MGAM       MULTIMEDIA GAMES HOLDING CO         $5.49          $6.86          20.00% Undervalued          Gaming                 
     MGM        MGM RESORTS INTERNATIONAL           $15.40         $28.59         46.10% Undervalued          Gaming                 

Here are some of the variables that are utilized when calculating the Fair Market Valuation of a stock: Long-run EPS growth rate, Duration of Business-growth-cycle, Volatility of EPS growth rate, Systematic or beta risk of the firm, Correlation between the firm's EPS and the interest rate environment, EPS growth volatility, Dividend payout ratio, Buffer earnings, Interest rate related criteria: Interest rate (30 year yield) long-run level, Duration of interest rate cycle, Interest rate volatility. The Fair Market Valuation uses 12-month historic and forecasted EPS values and the current 30-year treasury yield as primary determinants. When calculating risk/return values such as the Sharpe ratio, the historic periods used are five years.

Some expected results of the Valuation Model are: the valuation of a stock increases in a declining interest rate environment. Increasing current and/or projected EPS will produce a higher Valuation. While long-term EPS growth would produce a corresponding long-term Valuation increase, concomitant long-term interest rate increases would offset EPS growth and depress the Valuation. The shorter a company's own business cycle, the higher its stock Valuation will be.

CENTURY CASINOS INC (NASDAQ:CNTY) - Century Casinos, Inc. operates as an international casino entertainment company in the United States and internationally. The company owns and operates the Womacks Casino & Hotel in Cripple Creek, Colorado; the Century Casino & Hotel in Central City, Colorado; and the Century Casino & Hotel in Edmonton, Canada. It also operates casinos aboard five cruise vessels (Silver Cloud, Mein Schiff, and the vessels of Oceania Cruises). The company, through its Austrian subsidiary, Century Casinos Europe GmbH, holds a 33.3% ownership interest in Casinos Poland Ltd, which owns and operates seven full casinos and one slot casino in Poland. Century Casinos, Inc. was founded in 1992 and is based in Colorado Springs, Colorado.

LITTLEFIELD CORP (OTC:LTFD) - Littlefield Corporation develops, owns, and operates charitable bingo halls called Littlefield Entertainment in the United States. It owns and operates 36 charitable bingo halls in Texas, Alabama, Florida, and South Carolina. The company was formerly known as American Bingo & Gaming Corporation, was founded in 1994 and is headquartered in Austin, Texas.

SHUFFLE MASTER INC (NASDAQ:SHFL) - Shuffle Master, Inc. engages in the development, manufacture, and marketing of technology and entertainment-based products for the gaming industry worldwide. The company operates through four segments: Utility, Proprietary Table Games, Electronic Table Systems, and Electronic Gaming Machines. The Utility segment provides a range of shufflers, including single deck, batch, and continuous shufflers. These products comprise i-Deal, ACE, Deck Mate, one2six, and MD2. This segment also offers chip sorting machines used on roulette tables; and develops intelligent table systems and other products, such as i-Shoe Auto card reading shoe, i-Score baccarat viewer, and Deck Checker card deck checking device. The Proprietary Table Games segment offers proprietary table games, such as poker, baccarat, pai gow poker, and blackjack based table games; progressive table games with bonusing options; and proprietary side bets. This segment also licenses its proprietary table game titles to various companies. The Electronic Table Systems segment provides e-Table platforms, which consist of i-Table, Table Master, Vegas Star, and Rapid Table Games. The Electronic Gaming Machines segment offers PC-based video slot machines with a selection of video slot titles, which include a range of bonus round options. The company markets its products to casinos and other legal gaming establishments through its direct sales force and distributors. Shuffle Master Inc. has a strategic alliance with Leap Forward Gaming Inc. Shuffle Master, Inc. was founded in 1983 and is headquartered in Las Vegas, Nevada.

INTL GAME TECHNOLOGY (NYSE:IGT) - International Game Technology (IGT) designs, manufactures, and markets electronic gaming equipment and systems products worldwide. The company offers casino-style slot machines that determine the game play outcome at the machine; wide area progressive jackpot systems with linked machines across various casinos; central determination system machines connected to a central server that determines the game outcome, encompassing video lottery terminals used primarily in government-sponsored applications and electronic or video bingo machines; amusement with prize games; and pachisuro machines. Its systems products include applications for casino management, customer relationship marketing (CRM), and server-based player management. IGTs casino management solutions comprise integrated modules for machine accounting, patron management, cage and table accounting, ticket-in/ticket-out, bonusing (jackpots and promotions), and table game automation. The companys CRM solutions feature integrated marketing and business intelligence modules that provide analytical, predictive, and management tools for maximizing casino operational effectiveness. It has operating centers in the United States, Canada, Argentina, Australia/New Zealand, China, Japan, Macau, Mexico, Netherlands, Singapore, South Africa, and the United Kingdom. The company was founded in 1980 and is based in Reno, Nevada.

MULTIMEDIA GAMES HOLDING CO (NASDAQ:MGAM) - Multimedia Games Holding Company, Inc., together with its subsidiaries, engages in the development and supply of comprehensive systems, content, electronic games, and player terminals for the casino, charity, international bingo, and video lottery markets in the United States and Internationally. The company offers interactive systems for server-based and stand-alone gaming operations; interactive electronic games; player terminals; stand-alone player terminals; server-based systems; video lottery terminals; electronic scratch ticket systems; electronic instant lottery systems; casino management systems, including player tracking, cash and cage, slot accounting, and slot management modules; unified currency systems; and other electronic and paper bingo systems. It also involves in the design and development of networks, software, and content that provide gaming systems, which are delivered through a telecommunications network that links player terminals with one another within and among gaming facilities. The company was formerly known as Multimedia Games, Inc. and changed its name to Multimedia Games Holding Company, Inc. on April 4, 2011. Multimedia Games Holding Company, Inc. was founded in 1991 and is based in Austin, Texas.

MGM RESORTS INTERNATIONAL (NYSE:MGM) - MGM Resorts International, through its subsidiaries, owns and operates casino resorts in the United States. The companys resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It also owns and operates golf courses and a golf club. As of November 16, 2010, the company owned and operated 15 properties located in Nevada, Mississippi, and Michigan, and has 50% investments in 4 other properties in Nevada, Illinois, and Macau. In addition, MGM Resorts International has an agreement with the Mashantucket Pequot Tribal Nation, which owns and operates a casino resort under the MGM Grand brand name in Mashantucket, Connecticut. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International on June 15, 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.

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