Churchill Downs Inc (NASDAQ:CHDN)
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Conducts pari-mutuel wagering on live Thoroughbred, Quarter Horse & Standardbred horse racing & simulcast signals of races. It offers racing services through its other interests as well as alternative gaming through video poker machines in Louisiana.
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The diversification evident of the new CEO since '06 is making this issue not really all about horses but about modern gaming and how a tried and true company with a LOOONG history and world renown moniker can parlay that into success in other places. I like the most recent earnings evidence and I like the picture for a forward thinking company like these folks seem to be evidencing. Bullish to $50 and then re-evaluating OR content to ride this for a few percentage points up while the REAL evidence that the overall economy is in no WAY as healthy as our fearless leaders are trying to let on.