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In this week’s Talk Ya Book, former AFL great, now Cerutty Macro Fund founder and portfolio manager, Chris Judd is joined by Anthony Kavanagh – who was a founder Chester Asset Management – to discuss Light & Wonder Inc (ASX:LNW).
Las Vegas-based Light & Wonder Inc is a $12.1 billion market cap global games company with three business streams: Poker machines and casino game leasing; casino monitoring systems software; and, casino tables.
Chester Asset Management was founded in 2017 and its Chester High Conviction Fund invests in the S&P 300 Accumulation Index.
Light & Wonder closed at $136.20 yesterday afternoon (February 13) and Mr Kavanagh gives his reasons for why his valuation sits around $170 a share.
Talk Ya Book was created by Chris Judd in 2019 as a show where fund managers could share their highest conviction investment idea but more importantly showcase their investment framework to the public.
Juddcorp Pty Ltd ACN 635 629 631 is a corporate authorised representative (CAR) (CAR Number 1300536) of Boutique Capital Pty Ltd ACN 621 697 621 AFSL 508011.
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