Churchill Downs Inc (NASDAQ:CHDN)

CAPS Rating: 3 out of 5

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.


Player Avatar bbcz (45.99) Submitted: 9/9/2006 9:56:03 PM : Underperform Start Price: $34.24 CHDN Score: -103.57

Do you know anyone who bets on the horses anymore?

Shortterm, I expect them to miss expectations.

I wonder if this is a longterm asset play though. They sold Hollywood park for 250M while only decreasing book asset value by 150M.

Also, it could be a turnaround play if those slot machines ever get installed like they hope.

Anyway, in the short term I think we're headed down. Horsey revenue isn't growing.

Report this Post 2 Replies
Member Avatar boomrsix (90.32) Submitted: 4/2/2007 10:37:27 AM
Recs: 0

I guess it depends on where you live. Everyone I know bets the horses. MM Louisville, KY

Member Avatar MakeEasyMoney365 (97.11) Submitted: 8/3/2012 10:40:25 AM
Recs: 0

You're not paying attention. This company is doing more then just horse racing business. they are looking to build land-based casinos as well as get into online poker when legislation passes. Look at their acquisitions of Bluff Magazine and Card Player magazine. They have bigger plans.

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