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John Rogers Comments on Scientific Games Corp.

May 09, 2013 | About:

On January 31, 2013, it was announced Scientific Games Corp. (SGMS) would purchase the company for $26.00 per share in an all-cash bid. We believe this result confirms our process. That is, we estimate an intrinsic value for our holdings, buying when shares trade at a significant discount to that calculation. Thus, even if a transaction occurs below our best estimate, there is still room to profit even when a lower bid is accepted. We sold the stock in response to the bid, in the $24 to $25 range.

From John Rogers’ first quarter 2013 commentary.


Rating: 5.0/5 (1 vote)

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