As a gambler and used to getting beat down I like gaming stocks..... as things rebound people will be looking to have a good time and blow some newly earned cash.... top 3
PENN- very solid they bought up properties in jurisdictions where expanded gaming was being pushed through and now could have a huge stronghold in many markets, looking to gain vegas property as well but don't know if they should even bother........ solid company, potential to make a 50-100% profit on this one in the next two years maybe sooner IMO Trading around $28 right now
CHDN- obviously an old school horse company with many assets and historically traded higher than it is right now, they now have a strong online prescence with the expanding ADW market via twinspires, most likely will acquire youbet also at which point will have a huge market share of online wagering. Also operate tote systems which are on the decline but could be fixed to break even or possibly profitability if some work is done and partial ownership in other areas of the industry not going anywhere won't explode probably but good for a safe mid-long range return trading around $38 right now
Risk play is MNTG- Mountaneer gaming group. I snatched this stock up last week at $1.22 and is up to $1.45 in current trading..... this company is riddled with debt right now that could just as easily force it into bankruptcy as it could succeed. They also have challenges of new competition arising recently with legislation in or around their properties in locales that have passed gaming this past year. They own and operate Mountaneer park track and casino WV, scioto downs race track OH and presque isle track and casino PA. The majority of their debt came from a facility they built at presque right at the downturn leaving them with heavy unpaid loans. The downside debt/competition.... Upside low price possible great return, competition due to expanded gaming could allow them also to expand gaming at some point in Ohio to slots and in PA to table games, have high quality properties at their locations in WV and PA, proactively trying to cut costs aka cutting back racing days lowering staff etc. This play is all about survival if they can survive I look for this to go back to $4+ if not could take a hit with bankruptcy. Worth a shot IMO at such a low price and great return potential.
PENN- very solid they bought up properties in jurisdictions where expanded gaming was being pushed through and now could have a huge stronghold in many markets, looking to gain vegas property as well but don't know if they should even bother........ solid company, potential to make a 50-100% profit on this one in the next two years maybe sooner IMO Trading around $28 right now
CHDN- obviously an old school horse company with many assets and historically traded higher than it is right now, they now have a strong online prescence with the expanding ADW market via twinspires, most likely will acquire youbet also at which point will have a huge market share of online wagering. Also operate tote systems which are on the decline but could be fixed to break even or possibly profitability if some work is done and partial ownership in other areas of the industry not going anywhere won't explode probably but good for a safe mid-long range return trading around $38 right now
Risk play is MNTG- Mountaneer gaming group. I snatched this stock up last week at $1.22 and is up to $1.45 in current trading..... this company is riddled with debt right now that could just as easily force it into bankruptcy as it could succeed. They also have challenges of new competition arising recently with legislation in or around their properties in locales that have passed gaming this past year. They own and operate Mountaneer park track and casino WV, scioto downs race track OH and presque isle track and casino PA. The majority of their debt came from a facility they built at presque right at the downturn leaving them with heavy unpaid loans. The downside debt/competition.... Upside low price possible great return, competition due to expanded gaming could allow them also to expand gaming at some point in Ohio to slots and in PA to table games, have high quality properties at their locations in WV and PA, proactively trying to cut costs aka cutting back racing days lowering staff etc. This play is all about survival if they can survive I look for this to go back to $4+ if not could take a hit with bankruptcy. Worth a shot IMO at such a low price and great return potential.