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#4
07-27-2007, 11:03 AM
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Re: PTEK
Honestly, i think it will do good. Ive been doing some research on the company and it seems they are making moves. They signed a contract with Harrah's and are distributing there tables to bar's and restaurants. However, i am really new to investing and dont know the in's and out's... which is why i am asking your opinion.
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#5
07-27-2007, 11:33 AM
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Re: PTEK
Personally, I think the ship has sailed. The tables were a novel concept and there are a few others besides PTEK producing them. None have been able to gain any momentum.
It's been some time since I read about the costs of a table, but the fees to a casino were very high. I think the problem stems from the fact that there's a such a significant upfront investment on the casinos part to even determine if the tables will be accepted by thier players. personally, I'm not investing in a company that's near its target and bleeding money.
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#8
07-27-2007, 12:54 PM
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Re: PTEK
I'll give the 'standard' answer which I also believe to be correct in this instance. Don't buy individual stocks unless you have a really good reason to. Just thinking that something seems like a good idea is not a good reason. From reading this thread I would say that you do not have a good reason and therefore should not buy the stock.
Index Funds FTW
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#9
07-27-2007, 01:03 PM
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Re: PTEK
Well, in that case... What stocks should I buy and what are your "good" reasons to buy them?
Im not trying to be funny... Im really intersted in investing and just dont know where to start. I was going to invest in PTEK because I thought the idea of a dealer-less machine will catch on in casinos in the near future. < So that was my reason.. (somehow i now think that wasnt a "good" reason)
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