Evolution AB: The $85 Million Trojan Horse The Market Is Missing
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Maxx Waring4 FollowersFollow5ShareSavePlay(13min)CommentsSummaryEvolution’s acquisition of Galaxy Gaming for ~$85M is a small deal with massive strategic implications, securing critical IP for its Live Casino operations.Galaxy’s 131 licenses worldwide (including 28 US states) provide Evolution with a regulatory fast track and a physical footprint in land-based casinos.The deal creates a pathway for Evolution to bring its blockbuster online slots (NetEnt, Red Tiger) to physical casino floors, unlocking a massive new revenue stream.Editor's note: Seeking Alpha is proud to welcome Maxx Waring as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. This article was written byMaxx Waring4 FollowersFollowI’m a value investor. I have studied the masters, Buffett and Munger for many years. I look for great businesses with durable advantages and disciplined management teams with a clear path to increase long-term shareholder value. The goal is to find great companies trading at a margin of safety, buy them, and sit on them while it compounds. I started investing in 2014 and have outperformed the S&P 500 by about 7% a year the last 6 years. I don’t invest in tickers that move up and down. I dig into companies, from every sector, and really look at the business. I read the financials, analyze the competitive advantage, and try to understand the fundamentals of the business. I build models to ground my work in the numbers, but I write all of my research so everyone can follow along.I actually have a background in teaching. Before finance I was in a high school classroom teaching math and coaching basketball. The classroom was a great experience that gave me valuable tools. It taught me patience and discipline, but most importantly, it taught me how to break down complex ideas. I have a B.S. in Mathematics, I also have an MBA from Western Governors University, and a Master’s of Finance from the University of Illinois Springfield. I also am the author of Investing in Stocks for Beginners which has sold over 1,500 copies. I am on Seeking Alpha to publish independent research. I want to help you think clearly, stay rational, and make better decisions with your money.Analyst’s Disclosure:I/we have a beneficial long position in the shares of EVVTY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.