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Amaya CEO David Baazov is Bullish on Company’s Stocks, Snaps Up Paper Price that is following Drop

Amaya CEO David Baazov is Bullish on Company’s Stocks, Snaps Up Paper Price that is following Drop

Amaya CEO David Baazov is hoping to laugh their solution to the bank after acquiring 60,000 stocks of his or her own company’s stock at what he considers a bargain price after a stock drop.

David Baazov was called the ‘King of on line Gambling’ by Forbes, and now the 35-year-old Amaya CEO is hoping to show his business savvy and managing associated with the poker network that is largest in the globe will translate to big gains on Wall Street.

After Amaya slashed its 2015 economic earnings forecast on the heels of a stronger US dollar, shares of the company plummeted on both the Toronto and NASDAQ stock exchanges.

Investors fled the gaming conglomerate, fearing the strengthening US currency wasn’t the only culprit responsible for a 13 percent revenues cutback projection.

Baazov isn’t fazed, and is out to prove investors incorrect. Just two days after Amaya stock fell 30 percent, the Canadian CEO bought 60,000 shares that are common the Toronto Stock Exchange at CA$20.30 ($15.22) per share for a transaction total of $912,798.

Fools Rush In

Several market analysts agree with Baazov that Amaya is ripe for picking by capitalists searching for a growth stock with considerable potential. Those types of experts is Nelson Smith, a writer for The Motley Fool in Canada.

‘Between its PokerStars and Full Tilt Poker platforms, it commands about 70 % of the market,’ Smith writes on the investi Lees verder