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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: S. maltophilia who wrote (75182)	2/22/2024 2:37:49 PM
From: Harshu Vyas	Read Replies (1) \| Respond to of 78774

Didn't really consider it because I assumed they were two different demographics. CNTY are targeting older people from my understanding. So, in the long-term, as younger people keep to screens, maybe there's an issue but, right now? I think older people enjoy going outside and, generally, it seems the market's overblown the situation. I'm just trying to evaluate CNTY and I don't fully understand how these software gambling companies work - it's why I passed on BALY. With regards to CNTY at some point, it becomes "too cheap to ignore," right? Management claim 2025 will be the turning point but the market doesn't believe them. You're completely right about the problems that come with running a brick-and-mortar casino and it's definitely quite unappealing. But if they continue operating for the next year, retain customers and they can prove that they can generate sustainable free cash flow... it surely has to be worth at least 3x the current price. I suppose you have to be slightly optimistic to see the value and there's lots of unknowns. Definitely not a pick for everyone and I don't recommend it yet. Think we'll get a better idea in a couple of quarters.