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.
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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.
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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.
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