Hedgeye Managing Director Todd Jordan has demonstrated again why he’s one of the best gaming analysts on the street.
On October 11th, he spelled out why he was advising investors to steer clear of International Game Technology (IGT), as well as Bally Technologies (BYI) and Scientific Games (SGMS).
Shares of IGT are down over 8% this week alone, down over 26% since he made his call.
Watch the 3-minute video below on why Jordan went bearish.
Shares of SGMS haven’t fared much better. They have fallen almost 19% since Jordan warned investors. BYI its down over 7%.
For perspective, the S&P 500 is up over 9% since Jordan made his call.