gambling stocks
With this boom in poker, I'm looking to put some money in stocks that are related and stand to benefit. Specifically, I've been looking at World Poker Tour Enterprises (WPTE) and Lakes Enterprises (LACO). LACO was former owner of all WPT stuff, spun off WPTE....
The short-term trends on these stocks looks good, and earnings seem to be nice but P/E ratio is through the roof. Does anyone have thoughts about whether these stocks are good buys considering the popularity boom of WPT and poker/gaming in general?
|