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Ader: Alliance Will Be Comeback Kid

28 Sep 2004

NEW YORK – As reported by the Business Week : "Investors who gambled big on Alliance Gaming (AGI ) in early April when its stock was flying at 34 a share have ended up as huge losers: The stock is now at 15.

"…One courageous pro buying the battered stock is Jason Ader, an ex-gambling analyst and now CEO of Hayground Cove Asset Management. 'Alliance is a turnaround story and will be the comeback kid in Vegas,' says Ader, who figures the stock will get back to the mid-30s in a year.

"…But now Ader is hopeful that Alliance's new CEO, Richard Haddrill -- seen as a turnaround ace, with a solid track record -- will resuscitate the company…"

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