Churchill Downs, Inc. (CHDN)
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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depressed at this level......Breeders Cup next year....night racing a fixture......Twin Spires. com hot.....and expanded gaming in the next 3-5 years makes this a winner.
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Book value 30. Addition of lights will allow more people to go to track during week after work
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HORSE RACING
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there morons that run the co.
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If the simulcasting dilema continues and CHDN doesn't give the Horsemen their fair share of the simulcasting proceeds, this stock will continue to go down. Without the simulcasting CHDN will underperform. Stockholders should be made aware of this dilema. Also, if CHDN keeps trying strong arm tactics, such as cutting purses in an attempt to break the Horsemen, they'll be setting themselves up for a lot of grief. Owners and Trainers are already moving horses to different tracks to run for better purse structures. If CHDN doesn't do the right thing, things are going to get worse!
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This company has always been down in the winter, but makes great headway before the Durby and other races. Always pays a divineden and slow growing
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As a homestate pick and host of the media powerhouse known globally as simply The Derby, Churchill Downs is a quiet and seasonal pick. The track is currently undergoing substantial renovations and will soon be looking better than ever - not mention in the next few weeks The Derby will be run. The Company also owns several other successful tracks nationwide, which adds to the value of the shares beyond the Kentucky Derby's home.
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THE ECONOMY WILL BE IN GREAT SHAPE,BANKS HOUSEING, JOBS AND CREDIT CRUNCH, ALL WILL BE WELL IN FINANCIALS BY 2010. BERNANDDANIEL08.
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Margins are small as it is. They will shrink as pursestrings around the country tighten.
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Potential industry changing moves in recent months.
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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.
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Very low PE. Seems like a great value play.

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