Amaya stinks

Not so long ago, I thought that Amaya (AYA.TO) could be a good investment.

But today, I'm convinced that this stock stinks.

We have known for a long time that Amaya was investigated by the Autorité des marchés financiers (kind of SEC in Quebec). But nothing was proven. It was maybe an error. Like that error for O.J. Simpson.

We recently learned that David Baazov, the CEO of Amaya, now faces insider trading charges because he and some of his friends/family made a lot of money via some serious insider shit.

And today, we learned that Baazov has decided to take a break from his CEO position to concentrate on the buyout of Amaya.

BLAH BLAH BLAH. It's the same fucking story as Valeant: take off a CEO full of controversy to calm down investors (but continue to pay him as a fucking king).

Oh, wait a minute. Why not any great investor own shares of a gaming company (well, I'm not sure about what I'm writing here. So, let's say: why not any great investor seems to have a BIG position in a gaming company)? Amaya scored well last year's ROE reporter I believe (at the ROE/PE ratio list) but I think that Jason Donville never bought shares. At least, he was never a big supporter of the company.

Well, if there's so little great investors around, maybe it's because that's a fucking industry full of crooks and these casinos related businesses are well-known for money laundering.

Yeah, there's enough fucking crooks out there on the stock market, give yourself a fucking chance and chose an industry where there hasn't been too much crooks discovered. Chose an industry where crooks remain hidden.

When the honesty of managers is questionable, you should quickly take a look elsewhere. Because, when some rot is visible to you, it's probably because the walls are full of dead rats. Companies have public relations that are paid to make everything look beautiful and wonderful. When their shit is stronger than their public relations, it's a bad sign. And when there's proof that you can't trust the high executives, how could you trust what they're saying or writing on their annual report?

Chose honesty. Chose Valeant.