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A pictorial view

  • IGT bought back 110 million shares over the past 8 years, or almost 30% of the outstanding shares
  • The buyback has been very accretive to EPS but hasn’t done much for the stock.  The stock is at the low end of its 8 year range and 76% off its high in early 2008
  • Nevertheless, we are currently projecting almost 25% EPS growth in FY2013 which, if achieved, would likely result in significant share appreciation – the one advantage of low expectations

CHART DU JOUR: IGT BUYBACK - IGT