CALL TO ACTION
We’re not ready yet to call a V-shaped regional gaming recovery but due to a variety of factors, the numbers look a lot better. Q4 earnings for BYD, PENN, and PNK should all handily exceed Street estimates. Moreover, January should prove to be the best month in regional gaming since well before the “Great Recession” began in 2008. Low gas prices, easy polar vortex weather comparisons, and maybe a little macro are all contributing. The stocks look like buys into earnings and the release of January gaming revenues.
Please see our detailed note: http://docs.hedgeye.com/HE_Regional_Q4_1.20.15.pdf