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Non-Tech : ASCA Ameristar Casinos -- Ignore unavailable to you. Want to Upgrade?


To: steve who wrote (14)5/16/2000 11:30:00 AM
From: brad greene  Read Replies (1) | Respond to of 24
 
Casino Stocks...."Strong Buy"

Jeeesh,

CBIC World Markets initiated coverage on at least 4 casino stocks today with a "Strong Buy"

biz.yahoo.com

ISLE is one of them......now trading above $14.00.

ISLE is the closest comp I can find for ASCA....and ASCA stands up very well.

ASCA's numbers are booming.....EBITDA looks on track to top $80 million this year.....vs. $50 million last year......and $38 million in 98. And 60 cents EPS looks to be in the bag.

Any comment from the one analyst that follows ASCA....and rates them a "hold"?

Nope.

Hard to believe that the liquidity issue can keep ASCA priced at 1/3 of the industry. It is almost as though ASCA does not exist. Tough deal.

He he.....it is tough being out here all alone in the forest.

bg