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Monday is a Near Impulse Reversal date for IGT. It
is a strong sell below today's low. The next reversal date is 4/2 -
4/5.
Monday also has high probability of terminating the
current rally.
Jim
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
mr.ira
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Friday, March 26, 2004 6:53
AM
Subject: Re: [RT] Fw: VectorVest Stock
Analysis of IGT
I have a short term target for this stock at $46
+/- and two longer term targets at $47 +/-. The stock should run
into some resistance and a retracement at those levels. Good luck and a
good weekend. Ira
----- Original Message -----
<BLOCKQUOTE
>
<DIV
>From:
<A title=profitok@xxxxxxxxxxxxx
href="">profitok
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Cc: <A title=ntt-list@xxxxxxxxxxxxxxx
href="">ntt-list@xxxxxxxxxxxxxxx
Sent: Wednesday, March 24, 2004 9:01
PM
Subject: [RT] Fw: VectorVest Stock
Analysis of IGT
this one keeps moving up
Ben
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VectorVest Stock Analysis
of Int'l Game Tch as of
3/24/2004
Thank you for requesting an
analysis of Int'l Game Tch from VectorVest. The
ticker symbol for Int'l Game Tch is IGT. IGT
is traded on the New York Stock Exchange - (xN) and
options are available for this stock
Analysis
Summary
IGT is fairly valued
compared to its Price of $44.17 per
share, has well above
average safety, <SPAN
>and is currently rated a
Buy.
<TD
class=CaptionBorderBottom>In-Depth Analysis
<SPAN
class=headerclass>Business: INTL GAME
TECHNOLOGY, (IGT) designs and makes computerized
casino gaming products and proprietary gaming
systems including video gaming operations and slot
machines.
<SPAN
class=headerclass>Price: IGT closed on
3/24/2004 at $44.17 per share
<SPAN
class=headerclass>Value: Value is a
measure of a stock's current worth. <SPAN
class=bluetext2>IGT has a current Value of $44.46
per share. Therefore, it is fairly valued compared
to its Price of $44.17 per share.
Value is computed from forecasted earnings per
share, forecasted earnings growth, profitability,
interest, and inflation rates. Value increases when
earnings, earnings growth rate and profitably
increase, and when interest and inflation rates
decrease. VectorVest advocates the purchase of
undervalued stocks. At some point in time, a stock's
Price and Value always will converge.
RV
(Relative Value): RV is an indicator of
long-term price appreciation potential. <SPAN
class=greentext2>IGT has an RV of 1.31, which is
very good on a scale of 0.00 to 2.00. This
indicator is far superior to a simple comparison of
Price and Value because it is computed from an
analysis of projected price appreciation three years
out, AAA Corporate Bond Rates, and risk. RV solves
the riddle of whether it is preferable to buy High
growth, High P/E stocks, or Low growth, Low P/E
stocks. VectorVest favors the purchase of stocks
with RV ratings above 1.00.
RS
(Relative Safety): RS is an indicator of
risk. IGT has an RS rating of
1.29, which is very good on a scale of 0.00 to
2.00. RS is computed from an analysis of the
consistency and predictability of a company's
financial performance, debt to equity ratio, sales
volume, business longevity, price volatility and
other factors. A stock with an RS rating greater
than 1.00 is safer and more predictable than the
average stock in the VectorVest database. VectorVest
favors the purchase of stocks of companies with
consistent, predictable financial performance.
RT
(Relative Timing): RT is a fast, smart,
accurate indicator of a stock's price trend. <SPAN
class=greentext2>IGT has a Relative Timing rating of
1.51, which is excellent on a scale of 0.00 to
2.00. RT is computed from an analysis
of the direction, magnitude, and dynamics of a
stock's price movements over one day, one week, one
quarter and one year time periods. Once a stock's
price has established a strong trend, it is expected
to continue in that trend for the short-term. If a
trend dissipates, RT will gravitate toward 1.00. RT
will explode from bottoms, dive from tops, and
reflect changes in price momentum. VectorVest favors
the purchase of stocks with RT ratings above 1.00.
VST
(VST-Vector): VST is the master
indicator for ranking every stock in the VectorVest
database. IGT has a VST
rating of 1.39, which is very good on a scale of
0.00 to 2.00. VST is computed from the
square root of a weighted sum of the squares of RV,
RS, and RT. Stocks with the highest VST ratings have
the best combinations of Value, Safety and Timing.
These are the stocks to own for above average,
long-term capital appreciation. VectorVest advocates
the purchase of safe, undervalued stocks rising in
price. <A
href=""
target=_blank>The efficacy of this indicator was
demonstrated in a study conducted at the University
of Chicago which showed that high VST stocks
outperformed the S&P 500 by 583.1% over the six
year period from 1996 through 2002.
CI (Comfort
Index): CI is an indicator which
reflects a stock's ability to resist severe and/or
lengthy price declines. IGT
has a CI rating of 1.56, which is excellent on a
scale of 0.00 to 2.00. CI is quite different
from RS in that it is based solely upon a stock's
long-term price history. VectorVest advocates the
purchase of high CI stocks.
GRT (Earnings Growth
Rate): GRT reflects a company's one to
three year forecasted earnings growth rate in
percent per year. IGT has a
forcasted Earnings Growth Rate of 20.00%, which
VectorVest considers to be very good. GRT is
computed from historical, current and forecasted
earnings data. It is updated each week for every
stock in the VectorVest database. GRT often
foretells a stock's future price trend. If a stock's
GRT trend is upward, the stock's price will likely
rise. If GRT is trending downward, the stock's Price
will probably fall. VectorVest favors the purchase
of stocks whose GRT is rising and is greater than
the sum of current inflation and interest rates,
(6.98%).
Recommendation
(REC): VectorVest gives a Buy, Sell,
Hold recommendation on every stock, every day. <SPAN
>IGT has a Buy
recommendation. REC reflects the cumulative
effect of all the VectorVest parameters working
together. These parameters are designed to help
investors buy safe, undervalued stocks rising in
price. They also help investors avoid or sell risky,
overvalued stocks falling in price. VectorVest
recommends that investors buy high VST-Vector,
Buy-rated stocks in rising markets.
Stop
(Stop-Price): Stop is an indicator of
when to sell a long position or cover a short
position. IGT has
a Stop of $38.56 per share. This is $5.61
below IGT's current closing Price. A stock's Stop is
computed from a 13 week moving average of its
closing prices, and is fine-tuned according to the
stock's fundamentals. High RV, high RS stocks have
lower Stops, and low RV, low RS stocks have higher
Stops. In the VectorVest system, a stock gets a 'B'
or 'H' recommendation if its Price is above its Stop
and an 'S' recommendation if its Price is below its
Stop.
EPS
(Earnings per Share): EPS stands for
leading 12 months Earnings Per Share. <SPAN
class=headerclass>IGT has a forecasted EPS of
$1.36 per share. VectorVest determines this
forecast from a combination of recent earnings
performance and traditional fiscal and/or calendar
year earnings forecasts.
P/E
(Price to Earnings Ratio): P/E is a popular
measure of stock valuation which shows the dollars
required to buy one dollar of earnings. <SPAN
class=headerclass>IGT has a P/E of 32.48.
This ratio may be deemed to be high or low depending
upon your frame of reference. The average P/E of all
the stocks in the VectorVest database is 35.16. P/E
is computed daily using the formula: P/E =
Price/EPS.
EY (Earnings
Yield): EY reflects earnings per share as a
percent of Price. EY is related to P/E via the
formula, EY = 100 / (P/E), and may be used in place
of P/E as a measure of valuation. EY has the
advantages that it is always determinate and can
reflect negative earnings. <SPAN
class=headerclass>IGT has an EY of 3.08
percent. This is above the current average of
2.84% for all the stocks in the VectorVest database.
EY equals 100 x (EPS/Price).
GPE
(Growth to P/E Ratio): GPE is another popular
measure of stock valuation. It compares earnings
growth rate to P/E ratio. <SPAN
class=headerclass>IGT has a GPE rating of
0.62. High growth stocks are believed
to be able to justify high P/E ratios. A stock is
commonly considered to be undervalued when GPE is
greater than 1.00 and overvalued when GPE is below
1.00. Unfortunately, this rule of thumb does not
take into account the effect of interest rates on
P/E ratios. The operative GPE ratio of 1.00 is valid
when and only when interest rates equal 10%. With
long-term interest rates currently at 5.28%, the
operative GPE ratio is 0.28. <SPAN
class=greentext2>Therefore, IGT may be
considered to be undervalued.
DIV
(Dividend): VectorVest reports annual,
regular, cash dividends as indicated by the most
recent payments. Special distributions, one-time
payments, stock dividends, etc., are not generally
included in DIV. IGT pays a
dividend of $0.4 per share.
DY
(Dividend Yield): DY reflects earnings per
share as a percent of Price. <SPAN
class=headerclass>IGT has a Dividend Yield of
0.9%. This is below to the current average of
1.3% for all the stocks in the VectorVest database.
DY equals 100 x (DIV/Price). It is useful to compare
DY with EY. If DY is not significantly lower than
EY, the dividend payment may be in jeopardy.
DS (Dividend
Safety): DS is an indicator of the assurance
that regular cash dividends will be declared and
paid at current or at higher rates for the
foreseeable future. IGT
has a Dividend Safety of 84 , which is excellent on
a scale of 0 to 99. Stocks with DS values
above 75 typically have RS values well above 1.00
and EY levels that are much higher than DY.
DG
(Dividend Growth Rate): Dividend Growth is a
subtle yet important indicator of a company's
financial performance. It also provides some insight
into the board's outlook on the company's ability to
increase earnings. IGT has a
Dividend Growth of -7% This is below to the
current average of 2% for all the stocks in the
VectorVest database.
YSG
(YSG-Vector): YSG is an indicator which
combines DIV, DY and DG into a single value, and
allows direct comparison of all dividend-paying
stocks in the database. IGT
has a YSG rating of 0.85, which is fair on a scale
of 0.00 to 2.00. Stocks with the highest YSG
values have the best combinations of Dividend Yield,
Safety and Growth. These are the stocks to buy for
above average current income and long-term growth.
<SPAN
class=headerclass>Open: IGT opened
trading at a price of $42.30 per share on
3/24/2004.
<SPAN
class=headerclass>High: IGT traded at a
High price of $44.50 per share on 3/24/2004.
Low: IGT
traded at a Low price of $42.30 per share on
3/24/2004
Close: IGT
closed trading at price $44.17 per share on
3/24/2004. (Close is also called Price in the
VectorVest system)
Range: Range
reflects the difference between the High and Low
prices for the day. IGT traded with a range of
$2.20 per share on 3/24/2004.
$Change: IGT
closed up 2.71 from the prior
day's closing Price.
<A
name=ExplainPercentChangePrice>
%PRC: IGT's Price
changed 6.54% from the prior day's
closing price.
Volume: IGT
traded 9,093,700 shares on 3/24/2004.
AvgVol: AvgVol is
the 50 day moving average of daily volume as
computed by VectorVest. IGT has an AvgVol of
2,322,900 shares traded per day.
%Vol: %Vol
reflects the percent change in today's trading
volume as compared to the AvgVol. %Vol equals 100 x
(Volume/AvgVol). IGT had a %Vol of
291.48% on 3/24/2004
Sales: IGT has
annual sales of $2,246,000,000
Sales Growth:
Sales Growth is the Sales Growth Rate in percent
over the last 12 months. <SPAN
class=greentext2>IGT has a Sales Growth of 24.00%
per year. This is excellent. Sales Growth is
updated each week for every stock. It is often
useful to compare Sales Growth to Earnings Growth to
gain an insight into a company's operations.
Sales Per Share (SPS):
IGT has annual sales of $6.48 per share.
SPS can be used as a measure of valuation when
comparing stocks within an Industry Group.
Price to Sales Ratio
(P/S): IGT has a P/S of 6.81. This ratio
is also used as a measure of valuation. Here, too,
it is useful when comparing stocks within an
Industry Group.
Shares: IGT
has 346,000,000 shares of stock
outstanding.
Market Capitalization:
IGT has a Market Capitalization of
$15,306,000,000. Market Capitalization is
calculated by multiplying price times shares
outstanding.
Industry Group:
IGT has been assigned to the <SPAN
class=HEADERCLASS>Leisure (Gaming) Industry
Group. VectorVest classifies stocks into over 200
Industry Groups and 40 Business Sectors.
Business
Sector: IGT has been assigned to
the Leisure
Business Sector. VectorVest classifies stocks into
over 200 Industry Groups and 40 Business
Sectors.
The basic strategy of
VectorVest is to buy Low risk, High reward stocks.
We suggest that Prudent investors buy enough High
Relative Value, High Relative Safety stocks to keep
the overall RV and RS ratings of their portfolios
above 1.00. As you do this, you'll find that your
risk will go down and your investment performance
will improve.
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Int'l
Game Tch
<IMG
src="">
<IMG
src="">
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border=0>
<TD class=graphcaption width=320
height=20>Leisure (Gaming)
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Copyright 2001 by
VectorVest, Inc. All Rights Reserved.20472 Chartwell
Center Drive, Cornelius NC 28031For additional
information, call 1-888-658-7638, e-mail to <A
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DISCLAIMER: VectorVest is
licensed by VectorVest, Inc., and is protected by United
States copyright laws and international treaty provisions.
The information contained herein is for your exclusive,
personal use only. You may print a single copy of any
stock analysis for your exclusive use, but it is not to be
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consent of VectorVest, Inc. You should be aware of the
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and/or recommendations made by VectorVest, and/or any of
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by VectorVest, Inc. 20472 Chartwell Center Dive Cornelius,
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