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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.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
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