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Strategies & Market Trends : Value Investing

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From: scbeachbum	5/17/2023 11:23:55 AM
	Read Replies (2) of 78680

Anyone looked at casino/gaming stocks? PENN just hit a new low. They've been buying back a ton of stock the past few quarters in the 30's and don't seem to be showing a slowing in their business. They do have debt though. Also their Barstool Sports acquisition has helped them expand sports betting in a lot of states and a lot more states still to go to offer that so there's a good potential market for expansion there. Also Barstool helps them with a younger crowd in their land based casinos, where before their average age was like mid 50's so this helps them target the new generation that is in their 20's and 30's and the potential to capture these people and expand too.

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