Okay, so here’s the thing. Brightstar Lottery. They make the machines, apparently. And someone – Solel Partners, fancy name – decided to sell off a chunk of their stock. $10.18 million worth. Which, you know, is a lot of lottery tickets. It happened in the fourth quarter. Like they couldn’t wait until January? The whole timing thing bothers me. It’s just…inconsiderate.
What Happened, Exactly?
Solel Partners, these big money people, trimmed their Brightstar stake by 624,800 shares. Six hundred and twenty-four thousand. It’s a number. A big one. They still have some, $43.27 million worth, but they decided that was…enough. Or too much. Who knows? The whole thing is just…opaque. It’s like they’re deliberately trying to make it confusing. And of course, the stock is down 26% over the year. Because, naturally.
What Else Is Going On Here?
- This sale brought Solel’s Brightstar holdings down to about 7% of their total stuff. 7%! It’s a weird number. Why not 8? Or 6.9? It’s like they just picked a number out of a hat.
- Here’s their top holdings, just in case you care:
- NYSE: UNH: $68.18 million
- NYSE: SYF: $61.65 million
- NYSE: CVS: $47.12 million
- NASDAQ: BRZE: $43.62 million
- NYSE: BRSL: $43.27 million
All these acronyms! It’s exhausting.
- And the stock is down. Again. $13.42 a share. Down 26%. The S&P 500 is up 13%. Thirteen! It’s just…a disaster.
Company Overview (Because We Have To)
| Metric | Value |
|---|---|
| Market Capitalization | $2.54 billion |
| Revenue (TTM) | $2.49 billion |
| Net Income (TTM) | $304.00 million |
Brightstar: What Do They Even Do?
- They provide technology and services for lotteries. Apparently.
- They used to do gaming and iGaming, but they decided that was too much. Too much! Like they were overextended.
- They serve government and licensed lottery customers. Which sounds…complicated.
So, Brightstar is a lottery technology company. They’re trying to be a “pure-play” operator. Which, I guess, means they’re focused. Or pretending to be. They posted a decent quarter, revenue up 7%, EBITDA up 11%. Jackpot strength. Like that’s a metric. And they returned $978 million to shareholders. Which is…fine. But still, the stock is down. It’s just…inconsistent. It’s like they’re sending mixed signals.
What Does This All Mean? (If Anything)
Look, they’re aiming for $2.75 billion in revenue and $1.3 billion in EBITDA by 2028. Ambitious. But is it realistic? And honestly, who cares about 2028? I’m trying to figure out what’s happening now. So Solel Partners trimmed their position. It’s not a wholesale rejection, they still have a stake. It’s just…a resizing. Within a diversified book. Like they’re playing it safe. Which, fine. But it’s just…unsatisfying. It’s like they can’t commit to anything. And that, my friends, is the real tragedy here. The lack of commitment.
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2026-02-20 22:04