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Betfair Is Over Valued: Stock Picker

3:00 AM ET Wed, 25 July 2012

Barry Dixon, head of research at Davy Research, told CNBC, "BetFair was a darling of the market a couple of years ago when it IPO'd and I think the colour has come off it a little bit since and we think that it is going to face some challenging head winds over the next two to three years so it is a stock we are concerned about."