Home > Boards > US Listed > Gaming and Casinos > Penn National Gaming (PENN)

The stock has shown resilience over the past

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Current Report Filing (8-k) Edgar (US Regulatory) - 11/24/2020 7:16:24 AM
Penn National Gaming Names Marla Kaplowitz to Board of Directors Business Wire - 11/24/2020 7:00:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 11/20/2020 7:01:01 AM
Penn National General Counsel, Carl Sottosanti, to Retire After Distinguished 17 Year Career; To Be Replaced by Veteran Gamin... Business Wire - 11/19/2020 3:00:00 PM
Penn National Gaming Set to Open First Retail Barstool Sportsbook at Ameristar Casino Resort Spa Black Hawk Today Business Wire - 11/5/2020 3:00:00 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 11/4/2020 4:46:25 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 10/29/2020 4:09:44 PM
Penn National Gaming Reports Third Quarter Revenues of $1.13 Billion, Net Income of $141.2 Million, Adjusted EBITDAR of $452.... Business Wire - 10/29/2020 7:00:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 10/28/2020 4:37:15 PM
Gaming and Leisure Properties, Inc. Reports Record Third Quarter 2020 Results GlobeNewswire Inc. - 10/27/2020 5:30:10 PM
Penn National Gaming Announces Plans to Help Save Historic Reading Terminal Market in Philadelphia Business Wire - 10/22/2020 12:25:00 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 10/16/2020 5:50:04 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 10/13/2020 6:45:42 PM
Penn National Gaming to Report Third Quarter Results and Host Conference Call and Webcast on October 29 Business Wire - 10/8/2020 7:00:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 10/2/2020 4:57:27 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 9/29/2020 4:43:05 PM
Penn National Gaming Closes Public Offering of Common Stock, Raising Gross Proceeds of $982.1 Million Business Wire - 9/29/2020 4:15:00 PM
Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) Edgar (US Regulatory) - 9/28/2020 4:37:53 PM
CORRECTING and REPLACING Penn National Gaming Announces Pricing of Public Offering of Common Stock Business Wire - 9/25/2020 12:52:00 AM
Penn National Gaming Announces Pricing of Public Offering of Common Stock Business Wire - 9/24/2020 9:06:00 PM
Penn National Gaming Announces Public Offering of Common Stock Business Wire - 9/24/2020 6:47:00 AM
Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) Edgar (US Regulatory) - 9/24/2020 6:35:38 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/23/2020 5:08:37 PM
Penn National Gaming to Soft Launch Barstool Sportsbook App in Pennsylvania on September 15 Business Wire - 9/8/2020 10:00:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 8/13/2020 6:38:38 PM
investora2z   Sunday, 10/27/13 10:38:47 AM
Re: None
Post # of 834 
The stock has shown resilience over the past few months. It is up 44% over the last one year, though the intervening period has seen a lot of volatility. It has moved up despite not meeting analyst estimates of earnings. Even in Q3, the company reported numbers which were slightly below estimates. However, the stock continued its upward march. Analysts have been a bit negative on the stock with Credit Suisse downgrading it from a focus list rating to an outperform rating recently. Thomson Reuters/Verus also downgraded it from a hold to a sell rating. On the other hand, analysts at RBC Capital raised their price target for the stock from $57 to $59. It has an outperform rating. The consensus rating for the stock is Hold, and the average price target is just below 56. This indicates that the analysts consider the stock to be fully valued, and some expect it to go down from current levels. There was a ruling in the patent infringement lawsuit filed by MGT Capital Investments (MGT) where Penn is one of the defendants. While the ruling was largely positive for MGT, Penn got a temporary stay pending the outcome of the litigation against retailers of the machines WMS and Aruze. However, the stock has defied analyst opinion, and can be considered a better bet in the sector. This is because it is one of the few companies with a positive bottom-line. It has been reporting net profits over the last couple of years, and it is likely that it may do so in 2013 as well. However, the valuations are a bit high now, as the ttm P/E is above 60. However, the price to sales & price to book are low at 1.51 & 1.95 respectively. The level of debt is high, and that needs to be brought down over time.

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