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Amaya Inc. T.TSGI


Primary Symbol: AYA

The Stars Group Inc is an online and mobile gaming company with poker, gaming, and betting product offerings. These products are offered both, directly and indirectly, under-owned or licensed gaming brands, and the company also owns several live poker tour and events brands. The firm's primary sources of revenue are its online gaming businesses. The company has three segments based on geography: International, United Kingdom, and Australia. Stars Group generates the majority of its revenue...


NDAQ:AYA - Post by User

Post by retiredcfon Aug 31, 2017 12:08pm
286 Views
Post# 26642507

No Logic

No LogicThere have been frequent examples within these markets where the trading in particular stocks shows no logic. The SP will fall for no reason for a number of weeks and then suddenly rebound.

TSGI would seem to have fallen into this category. They had lots of insider buying and then released good results on 9 Aug. Concensus targets were raised to $31 and the SP responded accordingly, rising to over $24. Since that time, we have dropped approx 13% for no specific reasons that I can see. So you can pick from non specific reasons like market jitters (Trump/North Korea, etc.), profit taking or short selling. While it's certainly annoying, from where I sit, the fundamentals are just as sound as they were on 9 Aug so eventually the SP will once again reflect that. 

In the meantime, enjoy what's left of the summer and/or add to your holdings. GLTA
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