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Dover Downs Gaming & Entertainment is Among the Companies in the Casinos & Gaming Industry With the Highest Forward Earnings Yield (DDE, GPIC, CNTY, IGT, ISLE)
Jan 08, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Casinos & Gaming industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.Dover Downs Gaming & Entertainment ranks highest with a forward earnings yield of 9.7%. Following is Gaming Partners International with a forward earnings yield of 9.6%. Century Casinos ranks third highest with a forward earnings yield of 8.9%.
International Game Technology follows with a forward earnings yield of 8.5%, and Isle of Capri Casinos rounds out the top five with a forward earnings yield of 8.4%.
SmarTrend recommended that subscribers consider buying shares of International Game Technology on September 14th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $13.11. Since that recommendation, shares of International Game Technology have risen 12.0%. We continue to monitor International Game Technology for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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