Isle of Capri Casinos (NASDAQ:ISLE)

CAPS Rating: 4 out of 5

The Company is a developer, owner and operator of gaming facilities and related lodging and entertainment facilities in regional markets in the United States and Internationally.

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Member Avatar noglitter (< 20) Submitted: 9/9/2013 12:34:11 PM : Underperform Start Price: $7.65 ISLE Score: +16.29

This might also be said for other stocks in the gamining industry over the last few years, but when you can't make money owning a Casino, you do have bad management!

Looking at their balance sheet and numbers, I'm surprised the doors are still open.

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Member Avatar rknapton (< 20) Submitted: 8/6/2013 7:38:59 PM : Underperform Start Price: $7.50 ISLE Score: +14.03

Short. No-growth casino company that is being strangled by its interest expense, in addition to its operating income dwindling.

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Member Avatar dwayneshimizu (58.79) Submitted: 12/18/2012 7:47:29 PM : Outperform Start Price: $5.50 ISLE Score: +2.96

gaming

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Member Avatar mergaman1 (63.90) Submitted: 2/4/2012 9:03:24 AM : Outperform Start Price: $5.31 ISLE Score: -3.26

growth

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Member Avatar EclecticRecluse (78.41) Submitted: 5/16/2011 7:36:54 AM : Outperform Start Price: $9.05 ISLE Score: -59.89

High Cashflow for Market Value

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Member Avatar Notgold (< 20) Submitted: 1/6/2011 2:39:17 PM : Underperform Start Price: $10.32 ISLE Score: +76.61

BREAKING NEWS from Dec 31st:
Quad City Times: Davenport leaders:" Limit Isle gaming license renewal". This is an interesting article concerning Rhythm City, the city of Davenport, the Davenport Mayor and IOC and appeared Dec 31st 2010 in the Quad Cities Times. You can read the article in it's entirety on-line.

The City of Davenport is asking the Iowa Racing and Gaming Commission to only grant a temporary or conditional gaming license to the IOC/Rhythm City Casino this time around and try to force IOC towards the negotiations to a proposed purchaser, MSEG. This could force IOC into almost a distressed sale of Rhythm City. The pressure is on.

A letter, signed by Mayor Bill Gluba and all 10 Davenport aldermen, sent two days before the Dec. 30 license renewal deadline pointed out that Isle’s lack of investment was costing nonprofit groups, city government and the state millions of dollars a year in lost revenue.

The letter also said the city is “prepared to initiate legal actions to secure competitive, commercially reasonable investment in Davenport” but prefers to work with the Riverboat Development Authority and the Iowa Racing and Gaming Commission to secure investment through a voluntary sale of IOC’s interests.

Currently, we have a monopoly on gambling in Scott County, with the same company holding both licenses,” he said. “There is no competition, in my judgment. And it’s proven now to not be in the public interest.”

Officials from Isle did not return calls seeking comment on either the letter or the ongoing negotiations.

WOW!

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Member Avatar nomoreglitter (< 20) Submitted: 12/27/2010 1:28:40 PM : Underperform Start Price: $10.67 ISLE Score: +80.76

This is a poor stock. It had a recent run up because they were granted a license for Cape Girardeau MO. There is some local money in that area, but that won't last for long. And once patrons see how poorly managed their properties are, that will be gone. They may see a short term spike, but just from that property and that is only once it up and running. A dead cat bounce has been possible here, but good luck.

Rythme City, Davenport Iowa, has been a tug of war for them to keep that license. The city wants them gone. Now with Jumers Casino across the river in Rock Island under new ownership and IL considering changing its smoking areas for Casinos in that State, they will be up competition that is going to be hard if not impossible to compete with. Their Casinos fail in comparison with Jumers. It's a much more upscale operation. This will also weigh heavily on the Isle, Bettendorf, IA.

Their debt is $1.3 billion and their cash is roughly $64 million. And people are actually long this stock? Ha, ha ha! You'd have as good of a chance as seeing a snowball appear from hell as this thing ever working.

Take a look at their insider trading from the top of this page, tab. The company only has 32.94 million shares outstanding. In Oct of 2010, the gifted away over 26 million shares. That's right, 26 million shares. Give it away, I guess, because that is about what it's worth.

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Member Avatar Playerspick (< 20) Submitted: 12/26/2010 7:10:28 AM : Underperform Start Price: $10.81 ISLE Score: +82.26

They are the worst for dollars spent versus entertainment value in the industry. Very poorly managed. Look for them to try to sell their distressed properties soon or just file for the big BK. The proof of how bad they are is right there in the financials and their bottom line. What a joke! They're set to go down and go down big time. It's only a matter of time.
The new competition now in the Quad City area with Jumers Casino being bought out, will weigh heavily on any profits they did have with the Isle at Bettendorf and Rythme City in Davenport.
Also, the State of Illinois is working to bring back smoking areas at all Casinos in Illinois. If that happens, the Isle's losses in the Quad Cities will be enormous. It will be all over in that area. They'll just be waiting to close the doors.

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Member Avatar Timbofittz88 (79.72) Submitted: 7/7/2010 5:44:40 AM : Outperform Start Price: $8.70 ISLE Score: -97.86

asdf

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Member Avatar hrtrader (< 20) Submitted: 6/24/2009 8:17:38 AM : Underperform Start Price: $12.33 ISLE Score: +149.25

consumer deleveraging will continue to affect stocks that rely on discretionary spending. ISLE is over 500% off the March lows, with no revenue growth.

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Member Avatar Scoobrs (49.49) Submitted: 5/29/2009 12:25:21 PM : Underperform Start Price: $13.06 ISLE Score: +151.45

Debt at seven times market cap. The economy will recover, but liquidating casinos to cover debt will impair long term growth.

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Member Avatar jester112358 (29.01) Submitted: 2/27/2009 3:01:53 PM : Underperform Start Price: $2.98 ISLE Score: +12.31

May be headed to bankrupcy.

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Member Avatar flybynite731 (< 20) Submitted: 7/25/2008 11:18:48 PM : Outperform Start Price: $6.04 ISLE Score: -33.87

business is picking up,customer incentives are very strong,however,they need to be in some more underserved markets.

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Member Avatar TheSinBin (89.85) Submitted: 6/18/2008 4:00:50 AM : Outperform Start Price: $7.16 ISLE Score: -42.98

Creating a portfolio based on calling outperform on every alcohol, tobacco, pornography and gambling stock I can find.

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Member Avatar VATROSLAVJG (< 20) Submitted: 5/19/2008 2:33:42 PM : Outperform Start Price: $7.02 ISLE Score: -32.46

People may not have much disposable income, but whether times are good or bad, you can count on gaming. This stock is undervalued right now and should make up some ground.

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Member Avatar qdogsm (< 20) Submitted: 4/9/2008 3:59:38 PM : Outperform Start Price: $7.69 ISLE Score: -48.93

gambling is good. They have all my money.

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Member Avatar ByrneShill (75.61) Submitted: 3/25/2008 4:54:55 PM : Outperform Start Price: $7.33 ISLE Score: -45.40

Just building a sin stock portfolio

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Member Avatar tarzan1414 (79.17) Submitted: 3/24/2008 10:30:46 AM : Outperform Start Price: $7.41 ISLE Score: -46.11

Casinos are on the way back and this one is do for big growth

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Member Avatar Freddie226 (< 20) Submitted: 2/22/2008 9:35:53 PM : Outperform Start Price: $10.04 ISLE Score: -71.51

Summer time is vacation time

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Member Avatar allthatglitter (< 20) Submitted: 12/14/2007 5:13:47 AM : Underperform Start Price: $13.27 ISLE Score: +77.68

The charts speak for themselves. With the current economic chaos, people have less disposable income and dollars for any type of entertainment will fall off dramatically. They are trying to keep their homes out of forclosure and survive. The stock may be of some interest at a lower price and 1-2 years down the road.

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