PENN’s announcement this afternoon put to rest yet another short fairy tale. Some of these people are shameless. We aren’t afraid to make short calls here at Research Edge but we do so with analysis and research, not fabrication. The PENN shorts had people believing that first, Fortress was going bankrupt before the payment, and when that didn’t work they said Missouri wouldn’t approve the transaction. Well, PENN got the $775 million from Fortress which solidifies it as the strongest company financially in gaming.
Keith shot me an email today that PENN look the most attractive in gaming on the long side from a trade perspective. Despite a nice move the last couple of days, the stock still looks very cheap, which defies its strong balance sheet and liquidity position. I like the odds of betting with Carlino and company.
Keith shot me an email today that PENN look the most attractive in gaming on the long side from a trade perspective. Despite a nice move the last couple of days, the stock still looks very cheap, which defies its strong balance sheet and liquidity position. I like the odds of betting with Carlino and company.
