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Enter Symbol:
Bally Technologies, Inc. (BYI) [hlAlert]

up 208.06 %

Bally Technologies, Inc. (BYI) rated Accumulate with price target $32.25 by SMH Capital

Posted on: Thursday,  May 21, 2009  9:25 AM ET by SMH Capital

SMH Capital rated Accumulate Bally Technologies, Inc. (NYSE: BYI) on 05/21/2009, when the stock price was $27.03. Since
then, Bally Technologies, Inc. has gained 208.07% as of 11/21/2015's recent price of $83.27.
If you would have followed this SMH Capital's recommendation on BYI, you would have gained 208.06% of your investment in 2375 days.

Bally Technologies, Inc. is a gaming company that designs, manufactures, distributes and operates gaming devices and computerized monitoring and accounting and player-tracking systems for gaming devices. It also offers its customers a range of rental options. The Company also owns and operates the Rainbow Casino in Vicksburg, Mississippi. The Company operates in two business units: the Bally Gaming Equipment and Systems and the Rainbow Casino. The Bally Gaming Equipment and Systems segment consists of three primary revenue sources: Gaming Equipment, which includes the sale of gaming devices and related equipment, parts and conversion kits; Gaming Operations, which includes the operation of linked progressive systems, video lottery and centrally determined systems and the rental of gaming devices and content; and Systems, which includes the sale and support of computerized monitoring systems. Revenue from the casino operations is derived from the operation of the Rainbow Casino.

Sanders Morris Harris has built a unique, niche-oriented research effort that's attuned to the Southwest, yet takes a broad, global perspective. Our analysts cover some 100 companies in six broad sectors, including business services; energy; entertainment & media; financial services; and technology. Whatever the geographical focus, our research approach is fundamental and no-nonsense. We look at industries in a bottom-up way, and get to know company managements in depth, to understand their growth philosophy and their views of how their company fits within their group. And we provide straightforward, timely advice to both institutional and private clients based on that research. Unlike many Wall Street firms, which have developed arcane "recommendation matrixes," we have three simple categories of investment advice: buy, sell and hold. And we transmit our recommendations in timely, useful form. Our on-line Research Library gives clients access to the full range of company reports and bulletins generated by our analytical staff. Above all, of course, the success of SMH's research effort rests on its gifted team of analysts - a purposeful blend of experienced research pros and young, creative individuals, all of whom have honed their financial skills within the target industry or with major accounting firms. The combination works. Three of our analysts have appeared on the Wall Street Journal roster of All-Star Analysts or on the Institutional Investor's All-Star Research Team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/21/2009 9:25 AM Buy
27.03 32.25
as of 12/31/2009
1 Week up  2.81 %
1 Month up  1.01 %
3 Months up  9.33 %
1 YTD up  55.19 %

(*) Stock Price at the time of the recommendation.
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