PERSON DIRECTORY
Zach Buckley
Zach Buckley appears in 1 indexed conversation across Yet Another Value Podcast. This directory brings every appearance, source, TL;DR, digest, and transcript into one searchable feed.
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$LNW: a slot machine oligopoly at half Aristocrat's multiple | Zack Buckley
Light & Wonder ($LNW) operates in a three-player slot-machine oligopoly with 70%+ recurring revenue, yet trades at 7-8x EBITDA versus Aristocrat’s 14x.Aristocrat talent migration and leverage near 3x net debt/EBITDA reinforce the competitive reset. 2026 weakness may reflect launch timing; the $2B 2028 EBITDA target implies roughly $13-15 USD FCF per share, with back-half execution and key-person retention to monitor.