Bally’s: Comments From TheStockMasters

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Remember Bally’s (BFT) and all the fun we’ve had at their expense. We told you two weeks ago why not gamble with Bally’s since they are trading under 70 Cents a share?
Pipe dream or not, shares are up 14% today.

Easy Ice on ol’ Pookie there, he couldn’t help it, he just couldn’t put the pipe down. Which goes to show you, drugs and crime don’t pay, so stay cool, stay in school.
Pookie
So take the money and run on BFT, sure why not? But in at 70 cents, I say let it ride baby. The stock is down 90% in the last year, that’s 90%! It’s a risky play Masters but it’s always fun to roll the dice on lucky no. 7. Personally, I’d rather be a New Jack Hustler.
See our mentions on Microvision (MVIS) or Dendreon (DNDN) before they exploded.

Stock Tips Looks like Todd S. was rightPeabody Energy (BTU) got an upgrade today and shares are up 5%. A.G. Edwards upgraded Peabody today on news that Arch Coal’s profit tumbled but beat analysts’ expectations. A.G. is now saying "Buy" and set a price target of $55, which implies an upside of 18.2%
David Khani, an analyst at Friedman, Billings, Ramsey Group, reiterated his "Outperform" rating on Peabody Energy and raised his price target from $70 to $73, which implies an upside of 56.8%. Khani called the supply and demand fundamentals for coal positive, although he warned that a 30% run-up in shares of coal miners since mid-January reflects the sector’s volatility. It’s all about coal people.

Stock Tips Now that Mathstar (MATH) hit a new 52-week low today – again. Maybe they will consider selling the Wagon Queen Family Truckster to raise cash. I know we’re jerks but it’s fun.

http://www.thestockmasters.com/

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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