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Table Trac (TBTC) Has Fallen 10% in Last One Year, Underperforms Market

If you are looking for the best ideas for your portfolio you may want to consider some of Long Cast Advisers top stock picks. Long Cast Advisers, an investment management firm, is bullish on Table Trac Inc (NYSE:TBTC) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Table Trac Inc (NYSE:TBTC) stock. Table Trac Inc (NYSE:TBTC) designs, develops and sells casino information and management systems.

In July 2019, Long Cast Advisers had released its Q2 2019 investor letter. The investment firm said that Table Trac Inc (NYSE:TBTC) stock was one of the top five positions held in Q2 2019 returns. Table Trac Inc (NYSE:TBTC) stock has posted a return of -9.7% in the trailing one year period, underperforming the S&P 500 Index which returned 12.6% in the same period. This suggests that the investment firm was wrong in its decision. On a year-to-date basis, Table Trac Inc (NYSE:TBTC) stock has fallen by 14.6%.

In Q2 2019 investor letter, Long Cast Advisers said the fund posted a return of 1.0% in the second quarter of 2019, underperforming fund’s benchmark the S&P 500 Index which returned 4.3% in the same period. Let’s take a look at comments made by Long Cast Advisers about Table Trac Inc (NYSE:TBTC) stock in the Q2 2019 investor letter.

“TBTC announced what amounts to a reseller agreement with a small Japanese IT company, Broadband Security, in the newly opened casino market in Japan. TBTC continues to expand its services to new geographies helping to support growth in installations, which feeds recurring revenues. I would like to see better cost scaling on the recurring revenue side. Management has the same goal and it’s a solvable problem so would hope to see this change over time. In the meanwhile, you get a growing installed base with high returns on capital.”

Our calculations showed that Table Trac Inc (NYSE:TBTC) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. You can subscribe to our free enewsletter below to receive our stories in your inbox:

Disclosure: None. This article is originally published at Insider Monkey.