Will Jackpot Pay Off Soon?By
Pressure is building on Jackpot Enterprises (J) CEO Don Kornstein to boost this languishing stock. Investment guru Mario Gabelli raised his stake in the coin-operated gambling-machine operator to more than 5% on Jan. 20, giving new zip to a yearlong campaign by some discontented shareholders to force Kornstein to shake the stock out of its doldrums--or sell the company. For 12 months, the stock has been stuck in the 10 to 12 range.
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