Keith re-shorted PNK in the Hedgeye Virtual Portfolio at $10.37. According to his model, the TRADE and TREND resistance levels for PNK are $10.42 and $10.86, respectively.
As we wrote in PNK 4Q11: A MISS MAYBE IN THE CARDS (1/30/2012), we believe PNK may miss Street estimates when they report earnings on Feb 15. This is attributed to a less strong performance from L'Auberge and aggressive margin expectations for Q4. While favorable weather is boosting YoY regional gaming trends here in 2012, PNK maintains most of its exposure to warm weather climates not impacted by weather.
