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 financial goals in good markets...and especially in bad ones will help you improve your portfolio. That is why Zacks Investment Research has assembled the best investment experts in the business to offer their powerful advisory newsletters to you on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc. Recommendations from Featured Experts Highlighted in FREE Investment Newsletter The best way to tap into the powerful advice from these experts is through our free weekly e-mail newsletter, "Profit from the Pros". Each week we highlight several Featured Experts in this free e-mail newsletter. Get your free subscription to "Profit from the Pros" at: http://at.zacks.com/?id=86 About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind our work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. Our goal is to unlock their profitable insights for our customers. And there is no better way to enjoy this investment success, than with a FREE subscription to "Profit from the Pros" weekly e-mail newsletter. For your free newsletter, visit http://at.zacks.com/?id=87 Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. CONTACT: Zacks.com Jason Kissinger, 312-630-9880 x 260 firstname.lastname@example.org www.Zacks.com
Zacks.com Announces that Sven Monberg Highlights the Following
Press spacebar to pause and continue. Press esc to stop.