Delays in Product Releases and Lower Margins Drive Ainsworth's Earnings Miss; FVE Cut to AUD 1.70
Following Ainsworth Game Technology's disappointing profit warning, we’ve cut our fair value estimate to AUD 1.70 per share from AUD 2.30. While the company’s failure to meet the recently provided earnings guidance is disconcerting, the knee-jerk sell-off has created an opportunity to invest in a narrow-moat-rated stock at a meaningful discount to our revised fair value estimate.At current levels, we estimate the market is pricing in (1) further deterioration in Australian ship share, which we ...
Ainsworth Game Technology is a gaming machine developer, designer and manufacturer operating in local and global markets. Co. is engaged in the design, development, production, lease, sale and servicing of gaming machines and other related equipment and services. Co. provides its product within both land based and on-line gaming markets, including social gaming and licensed Real Money gambling markets. Co.'s game brands include Mustang Money 2™, Thunder Cash™, Twice The Money™ and Cash Cave™.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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