Well, today is an interesting day as business information just rolls in. First, NJ Governor Christie vetoes the internet gaming bill the legislature passed. I predict it gets revised and passes again. Also, another few states like Iowa, Florida, and California looking at internet gaming passage as well. I think these states have such large deficits the moral reservations and federal ban are going to get overturned by financial necessity. Here are the links:
http://www.lvrj.com/business/new-jersey-governor-vetoes-online-gaming-bill-117339943.html
http://www.lvrj.com/business/iowa-politicians-start-debating-measure-to-legalize-net-poker-117304103.html
Next, here is a small company which I kept an eye on, no I did not invest in it. but it has a bright future, and naturally the stock popped today, pretty big too.
http://finance.yahoo.com/news/USA-Technologies-Achieves-bw-1812770867.html?x=0&.v=1
Read Andy Kessler's new book, Eat People, and it is good, like all of Kessler's stuff. If you are an entreprenuer, recommend it highly.
Finally, if you want to look at what I think is a very cool startup, take a look at this company-http://www.smartpayinfo.com
If you have any opinions about these articles, or would like to list a cool startup, please post. Hope all is great and have a good day.
As always, on any company mentioned here, past performance is not a guarantee of future returns. One should research any investment and make sure it is suitable with your objectives, risk tolerance, risk profile liquidity considerations, tax situation, and anything else pertinent to your financial situation. Also, the CFA credential in no way implies investment returns will be superior for any charterholder.
Yale Bock, CFA
President, Y H & C Investments
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