Bad Hand


In the Sector Trade we're talking gaming stocks. Shuffle Master (SHFL), maker of poker-based table games and automatic card shufflers, came out with earnings after the bell that missed Street estimates by $.03 cents per share. Investors are not liking what they heard - shares fell nearly 6% after hours. Is there a trade?

Fresh from the earnings call Shuffle Master Chief Executive Mark Yoseloff joins the guys for this conversation.

What happened with earnings?

“Most of the metrics this quarter were good… revenues were up. But we had some items, including some foreign exchange costs and a few other items that affected EPS,” Yoseloff says.

Are the issues one-off items?

“We had $1 million dollars of costs that we didn’t anticipate. That’s .02 a share right there,” he says. “Revenue was strong and generally business was strong.”

Yoseloff adds, “The gaming market outside of North America is primarily a table gaming market. So in Macau which is the fastest growing gaming market in the world, SHFL is probably the number 1 equipment supplier in that market.”

What’s the development rate?

“Macau is the fastest growing gaming market in the world. And Singapore has just approved two major casino projects with Las Vegas Sands (LVS) building one of them.”

Eric Bolling tells the panel Bally technologies (BYI) and International Game Technology (IGT) are also great names in the space.


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Trader disclosure: On June 6 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Macke Owns (SWY), (ATVI), Najarian Owns (AAPL), (AMTD), (ERTS), (FMD), (NVDA), (NFI), (PGR); (.VIX), (BIIB), Bolling Owns (NMX), Gold, Bolling Is Short S&P Futures; Bolling Is Short Nasdaq Futures; Bolling Owns Natural Gas Futures; Bolling Is Short (FXI) And Owns (FXI) Puts; Pete Najarian Is The Co-Founder Of