Below is a note written by CEO Keith McCullough on why we're adding Penn National Gaming (PENN) to the short side of Investing Ideas today:
|
Looking for more high quality SELL ideas from my research team that have bounced to lower-highs on #decelerating volume? Todd Jordan remains The Bear on Penn Gaming (PENN) and it's green today. Here's an excerpt from the summary sell thesis (Institutional Research): "Even PENN's solid management team will likely struggle to create value in the current regional gaming environment. Beyond a few near term catalysts that could mobilize this beaten down stock, we see the exact wrong financial structure for a company facing as many secular, macro, and competitive threats as PENN. Many of these threats are unknown or underappreciated by the Street..." KM |
