I couldn’t resist. Aristocrat has been suspended twice in a week, but it was trading at above $4.00! It may never see those highs again. But I do expect it to hit $2.00-$2.50. It was $2.30+ before the recent hault.
Aristocrat is the second largest manufacturer of gaming machines in the world. The US growth picture seems artificial in hindsight and the people I know who work at Aristocrat can’t stand the CEO. The SMH and the Australian speculated that the “CEO must go”. If that proves correct, there will be a huge benefit in morale at the company.
Australian sales seems reasonable and sustainable. That’s why I punted on it for a 10% gain.