February 15, 2005
SpeculatingStocks.com Stock Pick: Progressive Gaming International Corp. (PGIC)
Stock Price: $11.95 (long-term strong buy)
Progressive Gaming International is a leading supplier of Integrated Casino Management Systems Software and Games for the gaming industry worldwide. The Company develops and distributes an expanding array of slot and table games, plus management and progressive jackpot software systems.
PGIC is another gambling related play. PGIC has been in a strong upward trend since September and there are no signs its letting up. Earnings for the fourth quarter and fiscal year 2004 are due out after the close on February 21st.
The company is a major provider of software systems for slot machines. Pennsylvania has legalized slot machines in specialized locations throughout the state. This should spur growth for PGIC.
Progressive Gaming International also has some neat RFID technology to track betting chips for casinos. The price of these chips have dropped drastically making them more attractive to casinos.
SpeculatingStocks.com Target Price: We expect PGIC to hit $18 within the next 2-4 months.