#1
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WPTE : time to buy ?
World Poker Tour Entertainment (WPTE) has faced a major sell off over the past few weeks. The stock trades now around 10 (it traded at 29.5 in early July !). I think it is a good buy opportunity on this level and the downside is now quite limited. Growth in the online gambling sector is less than previously expected, but it remains a high growth sector and WPTE, through its WPT broadcasting and its new online poker room, may become a key actor. What do you guys think ?
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#2
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Re: WPTE : time to buy ?
There were a few recent threads on WPTE, you should do a search.
Bottom line on WPTE though, is that they have not yet demonstrated that they can make any money with their current business model. |
#3
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Re: WPTE : time to buy ?
Never a good idea to try and catch a falling knife. Now is the not the time.
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#4
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Re: WPTE : time to buy ?
Yeah maybe, however stocks like WPTE, CRYP and PRTY have now interesting buy entry level and I definitely think the online poker business has still a lot to offer.
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#5
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Re: WPTE : time to buy ?
[ QUOTE ]
Yeah maybe, however stocks like WPTE, CRYP and PRTY have now interesting buy entry level [/ QUOTE ] Based on what? |
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