Century Casinos, Inc. (NASDAQ:CNTY)

Used a dartboard and picked this.

Market is valuing CNTY at ~70% of it's Book Value ($4.60 v. $3.18)

The difficulty in liquidating casinos should not be an issue since CNTY is back to turning small profits each quarter with their strongest quarters coming up Q1 &Q2 usually do better than Q3&Q4 due to local issues. Further, 4 of their largest casinos are operating in geographic areas that will see large growth in their target working class market (Colorado & The Oil Sands of Canada.)

Trading below assessed liquidation value. Biz should generate $5m+ of FCF in a downside scenario not including upside from Polish assets (purchase optionality etc)

This stock is undervalued and at an inflection point. If positive results show up in the next 3 reports, this stock can move to $10. Some analyst have suggested a 500% jump from .02 to .12 earning in 2011. The new casino in Calgary should make a positive impact.

slowly and steady, looks like FLL little sister, economy good CNTY good.

Century is trading at 0.54x Price to Tang Book. It's back into the black too. Its book value is $4.60 a share. New casino open in Calgary, casino sector picking up as the economy recovers. 4Qs of revenue growth and net-profit growth.
Far too cheap. Buy and hold

I like how its undervalued, and people will always gamble. Plus, nobody has commented on this since 2008?? Well here I go.

When hard times hit, people gamble. When good times hit, people gamble.

Worldly operations, lots of money in marketing and promotions, well educated officers with a history behind them and a low stock price for the industry. Buy+++

Investment in growth and expansion makes this casino look great long term. How much better can it get? People come in and put money in your machines on purpose!

I should be punished for trying to make money on the sinful behavior of others. Chart is a disaster, but looks like a bottom to me, the eternal optimist. All in all, looks like a great investment. My only real concern is that I put some real $ into this dude, which sometimes puts a hex on the stock.

Stock took a beating based on the last quarter's results. Two things seemed to affect the drop: lower earnings and negative free cash flow.

Since I concentrate on operational cash flow, I see that the last quarter is historical low. I think two things aggravated the situation: (1) two additional casinos and their corresponding interest and depreciation expense, and (2) severe weather during a large part of the quarter.

The interest and depreciation will not go away quickly, but the weather should improve.

Given that the current quarter is historically a strong quarter and the winter weather is forecast to be generally warmer, I see more eyeballs and their money dropping by the casinos. Africa seems especially intriguing to me.

I think the quarter results will be good and bring back some of those lost dollars from the investment community.

d

Stock is going through transitional phase with large capital outlays which will soon return profits.

The owners have an excellent background and extremly good knowledge of casino operation in Europe.

Remember the house always wins - so I figure they'll do quite well.

Relatively small but profitable international casino operator. US, Canada, South Africa, Czech Republic, Poland and cruise ship franchises.

Century Casinos appears to now be fairly priced and ready to recover with a target of 12 or better.as a goal.

This casino company is growing revenue nicely and I think it's a possible buy-out target down the road.