Amaya CEO David Baazov is hoping to laugh his solution to the bank after acquiring 60,000 shares of his or her own company’s stock at what he considers a bargain cost after a stock drop.
David Baazov has been called the ‘King of Online Gambling’ by Forbes, and now the 35-year-old Amaya CEO is hoping to prove his business savvy and managing regarding the largest poker system in the world will translate to big gains on Wall Street.
After Amaya slashed its 2015 economic earnings forecast on the heels of a stronger United States buck, shares of the company plummeted on both the Toronto and NASDAQ stock exchanges.
Investors fled the gaming conglomerate, fearing the strengthening US currency ended up beingn’t the only culprit responsible for a 13 percent revenues cutback projection.
Baazov is not fazed, and is out to prove investors wrong. Simply two days after Amaya stock fell 30 %, the Canadian CEO bought 60,000 common shares on the Toronto Stock Exchange at CA$20.30 ($15.22) per share for the transaction total of $912,798.
Fools Rush In
Several market analysts agree with Baazov that Amaya is ripe for picking by capitalists searching for an improvement stock with considerable potential. Those types of experts is Nelson Smith, a writer for The Motley Fool in Canada.
‘Between its PokerStars and Comprehensive Tilt Poker platforms, it commands about 70 % of the market,’ Smith writes on Читать далее Amaya CEO David Baazov is Bullish on Company’s Stocks, Snaps Up Paper Price that is following Drop