Zacks.com Announces that Sven Monberg Highlights the Following

Stocks: Alliance Gaming, Churchill Downs, Oneok, Echelon, and Strategic 
Diagnostics 
Business Editors
CHICAGO--(BUSINESS WIRE)--March 10, 2004
The gaming industry may be poised for greater
prominence, and Sven Monberg can show you how to take advantage. Read
his commentary and stock recommendations to make the best hand for
your future investments. Read about Alliance Gaming (NYSE:AGI),
Churchill Downs (NASDAQ:CHDN), Oneok (NYSE:OKE), Echelon Corporation
(NASDAQ:ELON), and Strategic Diagnostics Inc. (NASDAQ:SDIX). Click
here for the full story exclusively on Zacks.com:
http://at.zacks.com/?id=84 
Here are the highlights from the Featured Expert column: 
Alliance Gaming has the combination of unique technical
innovations and dynamic management that will be in great demand 
Aside from specific game development (a hit or miss proposition
based on the success of a specific game) Alliance Gaming (NYSE:AGI)
is leading the way in systems development which should provide more
consistent and easier to predict revenues and earnings. Of the gaming
companies Sven Monberg is reviewing, he believes AGI has the best
prospects. AGI's expected annual growth rate for the next three years
is currently above twenty-five percent. With the amount of favorable
Wall Street coverage for AGI growing, Monberg believes the stock can
trade at a mid-twenties multiple to the 2006 Wall Street consensus
estimates, which would put the stock into the low to mid- $30's inside
of twelve months. 
Churchill Downs is still one of the highest quality offers in the
gaming industry 
Churchill Downs' (NASDAQ:CHDN) racetracks are in most of the major
league horsetrack racing states: California, Florida, Kentucky, as
well as Illinois and Indiana. CHDN hosts 114 graded-stakes events and
many of the most prominent races in North America including the
Kentucky Derby, Kentucky Oaks, Hollywood Gold Cup and the Arlington
Million. The decline in the number of races year to year was
responsible for the fourth quarter decline in 2003. CHDN also provided
guidance for 2004 of $1.70 considerably below the Wall Street
forecasts at the time. 
CHDN trades at an Enterprise Value versus EBITDA ratio of 9.2
times the Wall Street consensus estimates which appear historically
cheap. To reiterate, the quality of CHDN's offers and its ownership of
some of the premier horse racetrack sites in the world puts CHDN in an
enviable position to make the most of industry growth resulting from
the potential legalization of slots in California, Florida, Kentucky
and elsewhere. 
Other stocks on the Master List include: 
On February 25, 2004, Oneok (NYSE:OKE) reported earnings for
fiscal 2003 of $2.13 slightly ahead of most expectations and published
guidance for fiscal 2004 of $2.12 to $2.18 per share. There is likely
an upside to this 2004 estimate, given that OKE continues to defer
natural gas sales into the first quarter of 2004 with higher forward
gas prices versus the fourth quarter of 2003. OKE built up a
considerable natural gas inventory in storage at year end 2003. The
company is expected to deliver strong performance from the marketing
and trading divisions in the first quarter of 2004 with an anticipated
increase in sales of gas. 
Echelon Corporation (NASDAQ:ELON) develops, markets and supports
products and services that allow everyday devices, such as light
switches, washing machines, assembly line robots, thermostats, gas
pumps, motion sensors, air conditioners, pumps, and valves, to be made
smart and to communicate with one another and across the Internet. 
Strategic Diagnostics Inc. (NASDAQ:SDIX) develops, manufactures
and markets immunoassay-based test kits for rapid and inexpensive
detection of a wide variety of substances in the food safety and water
quality markets. 
Take a look at Sven Monberg's full Master List, including more
information on the above-mentioned companies, and don't miss his
commentary on the gaming industry by clicking:
http://at.zacks.com/?id=85 
About Zacks Featured Experts 
To be a successful investor you need professional advice. Experts
who know what they're talking about and can help you achieve your
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you improve your portfolio. That is why Zacks Investment Research has
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topics: Stocks, Mutual Funds, Bonds, Options, Futures etc. 
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