Sin Stocks That Sizzle: Bally’s Technologies (BYI)
This may be the world’s oldest maker of slot machines, but Bally’s (BYI) reputation as an innovator and leading competitor in the market as well as being financially flexible, makes it a good bet.
Bally’s has won 80 innovation awards in the past year as it continues to focus on R&D. A strong cash flow allowed the $2.6 billion company to reduce shares by 9% over the last 12 months and 29% over the past three years. In April of 2013, Bally Technologies doubled its buyback program to $300 million.