Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Back on June 21, I wrote to let you in on a fast-moving, high-profit stock – Dover Downs Gaming & Entertainment Inc. (NYSE: DDE).
Folks who got the recommendation and bought in have had the chance to pocket more than 103% in gains over that time frame. That's likely just the start, given what's coming.
Now, the profits don't stem from a blazing fast new microprocessor, destined for billions of smartphones. Dover hasn't cornered the market on e-commerce to give Amazon.com a run for its money. Nor has it inspired the Pentagon to fork over truckloads of money on some high-tech killer weapon.
No, Dover is riding high because of… gambling, pure and simple.
Recent changes to federal law have opened the floodgates on a sector where growth has previously been, for most intents and purposes, hemmed in.
Much like recent changes in state and local marijuana laws, gambling has sparked a modern-day "gold rush" of sorts, and there's no putting it back in the box.
Today, to build on our success with Dover, I'm going to recommend a play few other industry analysts are looking at – more upside for us, at a double-digit discount no less.
And then there's the inflation-beating income…
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.
Leave a Reply