One of our favoured cyclical stocks to consider this weekend is Aristocrat Leisure Ltd (ASX:ALL)
One of our favoured cyclical stocks to consider this weekend is Aristocrat Leisure Ltd (ASX:ALL). Aristocrat is in advanced discussions with US gaming manufacturer Video Gaming Technologies. VGT is one of the largest Class II machine suppliers in North America, a complementary product suite to Aristocrat's Class III machines. Aristocrat is looking for a deal that will be materially accretive to earnings and cashflow. The potential VGT deal would likely generate an EPS accretion of 6% for Aristocrat, supporting our Buy recommendation.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Comments
Comments
Sign In or Join Free to comment