Amaya CEO David Baazov is hoping to laugh his solution to the bank after acquiring 60,000 shares of their own company’s stock at what he considers a bargain cost after a stock drop.
David Baazov was called the ‚King of on line Gambling‘ by Forbes, and now the 35-year-old Amaya CEO is hoping to show his business savvy and managing associated with poker network that is largest within the globe will translate to big gains on Wall Street.
After Amaya slashed its 2015 economic earnings forecast on the heels of a stronger US buck, shares of the company plummeted on both the Toronto and NASDAQ stock exchanges.
Investors fled the gaming conglomerate, fearing the strengthening currency that is americann’t the only culprit responsible for a 13 percent revenues cutback projection.
Baazov isn’t fazed, and it is out to prove investors wrong. Just two days after Amaya stock fell 30 %, the Canadian CEO purchased 60,000 common shares on the Toronto Stock Exchange at CA$20.30 ($15.22) per share for the deal total of $912,798.
Fools Rush In
Several market analysts agree with Baazov that Amaya is ripe for selecting by capitalists searching for a rise 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 percent of the market,‘ Smith writes on the investing website. Pokračovat ve čtení „Amaya CEO David Baazov is Bullish on Company’s Shares, Snaps Up Paper Price that is following Drop“