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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (51980)	8/3/2013 2:06:23 AM
From: Spekulatius	1 Recommendation Read Replies (4) of 78632

TPCA @14.6$ - ever owned a casino stock with net cash and below book? TPCA has a book value of 25.3$, was bought out of bankruptcy and is majority owned by Icahn. Of course, the fundamentals for their properties are not the greatest but they are profitable and visitor numbers to Atlantic city ( where one of their main properties is located) are weak but improving. This article from whopperinvestments makes a good bullish case: seekingalpha.com (Don't miss the interesting comment from poster bankstocks in the comment section) One thing that has not been mentioned in this article is the fact that New Jersey apparently will only grant online gambling licenses to applicants with physical locations on the state. This could open up another revenue stream for existing casinos. Disclosure: I have a decent sized position.

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