"The smart move in today's market is to stick with companies that are growing right through the recession, such as WMS Industries (NYSE: WMS)," says Mark Skousen.

In his trading oriented service, The Hedge Fund Trader Alert, he explains, "Based in Waukegan, Ill., WMS designs, manufactures, leases and sells gaming machines and video lottery terminals to its customers, the casino operators.

"Earnings at WMS have climbed by at least 24% the past 11 quarters. And they're still accelerating. Most recent quarterly results were up 36% on rising revenue. What's going on here? WMS is a great innovator. And it knows its business.

Continue reading WMS Industries (WMS): 'A good bet' in gaming

WMS Industries (WMS): 'A good bet' in gaming originally appeared on BloggingStocks on Tue, 15 Sep 2009 15:40:00 EST. Please see our terms for use of feeds.

This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

"Situated well within a niche that appears to be an oasis in the desert is gaming machine maker WMS Industries (NYSE: WMS)," says growth stock specialist Ian Wyatt.

The editor of Top Stock Insights explains, "Gaming technology has not struggled as much as casino operators as there is still a need for new equipment to drive traffic to casinos."

The advisor continues, "WMS is engaged in the design, manufacture, and distribution of gaming machines and video lottery terminals (VLTs) for customers in gaming jurisdictions worldwide. Its offering consists of video gaming machines, mechanical reel gaming machines, and video poker gaming machines.

"While gaming certainly has taken a hit in the wake of the economic downturn, slot machine makers operate in a unique space that may be one of the few that has the ability to weather economic volatility, as states look to slots as a way to boost tax receipts.

Continue reading Top Stock Picks '09: WMS Industries (WMS)

Top Stock Picks '09: WMS Industries (WMS) originally appeared on BloggingStocks on Thu, 01 Jan 2009 11:00:00 EST. Please see our terms for use of feeds.