2024.07.18
blackjack odds casinoThose are important traits at a time when many market observers are fearing companies could face liquidity crunches if a recession arrives.Waiting For Cooler Heads to PrevailEntering Friday, gaming stocks were under intense selling pressure this month as investors bailed on the group amid feencore casino covid 19ars the COVID-19 pandemic is going to sap earnings and keep gamblers away. onarch Casino & Resort (NASDAQ:MCRI) joined other gaming equities in rebounding Friday, soaring 12.58% after an analyst said the stock’s recent slide is the epitome of “throwing the baby out with the bathwater.” That’s an old Wall Street saying referring to quality stocks that get hit during broader market slides. However, the combination of the company’s strong balance sheet and depresseencore casino covid 19d stock prices in the industry could compel it to consider acquisitions down the road.“Although the recent global economic turmoil may compel management to take a pause in its pursuit of additional M&A targets, we continue to believe MCRI’s capital structure flexibility and the generally onerous levels of debt incurred by several of its regional operator peers, favorably positions the company to potentially execute thoughtful and accretive M&A transactions at a future date,” said the analyst.Boyer has a “hold” rating and price target on Monarch, implying upside of almost 46 percent from Friday’s close.mountaineer casino weatherOn a recent conference call, management did not indicate the COVID-19 outbreak is delaying enhancements at that venue.On the acquisition front, Boyer notes some footnotes in Monarch’s earnings release indicate the operator was close to buying a rival in recent months, but ultimately elected to pass on that purchase. Regional casino operator Boyd Gaming is closing its Valley Forge Casino Resort in King of Prussia, Pennsylvania as a result of a directive from state Gov. ET Friday. wild horse casino arizona chukchansi casino newsblackjack online vs computerAtlantis operator Monarch Casino rallied Friday after an analyst said selling in the name may be overdone. Five smaller satellite brick-and-mortar casinos are in the works.However, the combination of the company’s strong balance sheet and depresseencore casino covid 19d stock prices in the industry could compel it to consider acquisitions down the road.“Although the recent global economic turmoil may compel management to take a pause in its pursuit of additional M&A targets, we continue to believe MCRI’s capital structure flexibility and the generally onerous levels of debt incurred by several of its regional operator peers, favorably positions the company to potentially execute thoughtful and accretive M&A transactions at a future date,” said the analyst.Boyer has a “hold” rating and price target on Monarch, implying upside of almost 46 percent from Friday’s close.hard rock casino tulsa smoke freeThose are important traits at a time when many market observers are fearing companies could face liquidity crunches if a recession arrives.Waiting For Cooler Heads to PrevailEntering Friday, gaming stocks were under intense selling pressure this month as investors bailed on the group amid feencore casino covid 19ars the COVID-19 pandemic is going to sap earnings and keep gamblers away. ET Friday. ET Friday. island view casino diner menu treasure island resort and casino jobsborgata casino towelsHowever, the combination of the company’s strong balance sheet and depresseencore casino covid 19d stock prices in the industry could compel it to consider acquisitions down the road.“Although the recent global economic turmoil may compel management to take a pause in its pursuit of additional M&A targets, we continue to believe MCRI’s capital structure flexibility and the generally onerous levels of debt incurred by several of its regional operator peers, favorably positions the company to potentially execute thoughtful and accretive M&A transactions at a future date,” said the analyst.Boyer has a “hold” rating and price target on Monarch, implying upside of almost 46 percent from Friday’s close.Starting in February, Boyd Gaming has been following stringent CDC-recommended protocols at its properties nationencore casino covid 19wide, including frequent handwashing by team members, increased placement of hand sanitizers, and increased sanitation of frequently-touched surfaces,” Boyd said in a statement.Valley Forge closed at 6 a.m. Regional casino operator Boyd Gaming is closing its Valley Forge Casino Resort in King of Prussia, Pennsylvania as a result of a directive from state Gov. ET Friday. Starting in February, Boyd Gaming has been following stringent CDC-recommended protocols at its properties nationencore casino covid 19wide, including frequent handwashing by team members, increased placement of hand sanitizers, and increased sanitation of frequently-touched surfaces,” Boyd said in a statement.Valley Forge closed at 6 a.m. Five smaller satellite brick-and-mortar casinos are in the works.brian christopher slot youtube hotels near jackson rancheria casino resort |