Amaya CEO David Baazov is hoping to laugh their method to the bank after acquiring 60,000 shares of his own company’s stock at what a bargain is considered by him price after a stock drop.
David Baazov happens to be called the ‘King of on line Gambling’ by Forbes, and now the 35-year-old Amaya CEO is hoping to prove his business savvy and managing of this largest poker community within the globe will translate to big gains on Wall Street.
After Amaya slashed its 2015 earnings that are economic on the heels of a stronger US dollar, shares of the company plummeted on both the Toronto and NASDAQ stock exchanges.
Investors fled the gaming conglomerate, fearing the strengthening US currency had beenn’t the only culprit responsible for a 13 percent revenues cutback projection.
Baazov is not fazed, and it is out to prove investors incorrect. Just two days after Amaya stock fell 30 percent, the Canadian CEO bought 60,000 shares that are common the Toronto Stock Exchange at CA$20.30 ($15.22) per share for a transaction total of $912,798.
Fools Rush In
Several market analysts agree with Baazov that Amaya is ripe for selecting by capitalists searching for a growth stock with considerable potential. Some of those experts is Nelson Smith, a writer for The Motley Fool in Canada.
‘Between its PokerStars and Full Tilt Poker platforms, it commands about 70 % of the market,’ Smith writes on the investing ادامه خواندن “Amaya CEO David Baazov is Bullish on Company’s Stocks, Snaps Up Paper Following Price Drop”