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SGMS - SciPlay Is Dirt Cheap At These Levels No Matter How You Slice It
Scientific Games Corp
SciPlay Corporation (NASDAQ: SCPL) is a recently spun-off company from Scientific Games (SGMS). Unfortunately, its botched IPO has left many shareholders holding the proverbial bag, as the shares quickly declined almost 50% from its highs. In my view, this decline is entirely attributable to the market discounting the fact that SCPL is a controlled entity. Nevertheless, SCPL remains a fantastic play in the digital gaming sector. Moreover, SCPL’s valuation is dirt cheap, even under the most stringent of valuation models. Thus, I believe that SCPL is a viable speculative investment at these