Please join the Hedgeye Gaming, Lodging, Leisure Team led by Sector Head Todd Jordan for their Regional Reversal Flash Call today, February 4th at 2:00pm EST.
KEY TOPICS WILL INCLUDE:
- Same proprietary model that predicted the December swoon in regional gaming revenues is predicting sequentially better results in January and February
- Along with the overall market, the December downturn contributed to 20% stock declines in PENN and PNK and 12% in BYD
- Sell side Q4 2013 and 2014 estimates have come down and buy side expectations may be even lower
- While risk remains through earnings season, bad news looks priced in but an improving Jan and Feb does not
- We maintain our negative long term view given weak demographics
Please email for details. Attendance on the call is limited. Please note if you are not a current Tier 1 or Tier 2 subscriber to our Gaming, Lodging & Leisure research, there will be a fee associated with this call.