Gaming machine company ALL has corrected well over 20% since November taking its lead from the tech based NASDAQ plus there have been concerns it would enter a bidding war for US listed Playtech however its $5 billion bid is looking good now that rival bidder JKO Play has withdrawn plus ALL’s position has probably strengthened in today’s nervous market as the chances of investors accepting the bid may have risen. Either way we like the company into current weakness as it will be a definite beneficiary as the global economy reopens post Omicron.
MM likes ALL, ideally under $40
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