"I think I’ll be let go on 12/10. This company has no solid plans for the future. I can’t wait to walk away on my own terms."
Good plan Mate. if you dodge the axe on December tenth, do yourself a favor, resist posting any inquires to other bleeding gaming outfits. Don't get too cheesed off or be a mug, just move your arse to another industry.
It's simple to conclude that all of them are about to be smashed as share price declines.
Crikey Mate! Both SGMS and IGT are sporting a level of debt that is just beastly. One avenue of relief is If they peel off some assets and pay down their debt. They must do this quickly, or the short term notes (coming due in early 2019) may very well prove to be catastrophic.
Both companies are extremely over-extended; thus, they are both dodgy on share price, regardless of speculative commentary from the smoke blowers.
Glancing at Wall Street- those hacks with their 'oversold' ratings happen to be suffering massive bleeding of their own portfolios, and it's in their own best interest to talk up these gaming stocks to try and recapture their losses. Read: BEWARE.
For example: if you chart SGMS price for the past 10 years, their running average is about $5.50 to $10 a share. The current down trend (since their high of $62.05) suggests that particular rise was based on speculation, not sound business practices. In fact, SGMS normally rides in the $5-$10 range. It's an anomaly to expect it to do otherwise.
That means share price has the potential to drift downward, but not too far- to reach its normal level. Read: short sellers euphoria
Lastly, that noise of gleeful hilarity at the local pub of the 'shorties' out on a bender will be hard to ignore in the SGMS board rooms.
And make no mistake: IGT is no better off. They too are buggered.
This bloke has a hunch there are plenty of investors ready and waiting at the castle doors with pitchforks and torches wanting to flog the bloody CEO of each company and toss them away at Her Majesty's Pleasure.