Isle of Capri Casinos (ISLE)
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.
Recs
This stock may just trade sideways and then down. I know I was pretty hard on them when Bernie was still alive, but since he's been gone, they've gone further downhill.
Live entertainment at any of their proprties is very poor. Mostly unkown entertainers or so old they've been forgotten about.
At some locations, they pull out the Faradays and replace them with an Otis and Henrys restaurant. The only thing that was wrong that people didn't like was the poor service. Instaed they thought what people wanted was a downscaled restaurant. So now they have a downscaled restaurant and the service is about the same. Prices really are about the same. They wasted a lot of money remodeling and ended up with something less desirable. You can't even get a bottle of Heiniken in the restaurant, but they have it in the Casino.
At their Waterloo Iowa loaction, the guest rooms have such an echo effect from the way they are constructed, two people in a conversation can easily be heard by guests in the next room and they get noise complaints, even from the rooms that are suites.
Any top prizes for any of their tournaments is such a small amount of money, that even if a person were to win it, it''s nothing.
For the most part, all of their casinos are like, to coin and old phrase, "death warmed over".
This is not rocket sciense but it ceratinly is bad management. Is it any wonder why their stock is where it is today?
Recs
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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Upthumb. Cash cow. High debt. Turnaround play.
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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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This is a very good target price to short. In the UK sale, they didn't get squat and they would be hard pressed to pull off as good of deals on thier losing properties in the U.S.
They can continue to try to prop up the stock (the Goldstiens), but that isn't going to work forever...well it can work until they're broke!
I hope they keep trying until they are!
Look for them to try to sell off more within the next quarter or so, but that may not be possible. There may not be any buyers. Owning gaming stock in these times? Not a good thing. What's funny is, this stock would be right where it is today regardless of the economy. That's what you really have to keep in mind.
This stock will go back and take out the low, probably before they are bankrupt. To me, it's what comes around, goes around. You do not want to own this stock.
The bottom line is, they have done it to themselves. You can only run a business model as "all take and no give" for so long. Even thier patrons have caught on. It's a worthless stock, they have worthless properties laughingly referred to as Casinos and any glitter is all but gone. Totally WORTHLESS!
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Call me Casino crazy. I owe LVS and if this continues to go up I will own this one too.
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May be headed to bankrupcy.
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Gaming stocks, that include companies which made several billionaires, are low, low, low. Now is the time to buy.
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business is picking up,customer incentives are very strong,however,they need to be in some more underserved markets.
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ISLE is one of the companies with the most illiquid balance sheet. It may go bankrupt.
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Creating a portfolio based on calling outperform on every alcohol, tobacco, pornography and gambling stock I can find.
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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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gambling is good. They have all my money.
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Just building a sin stock portfolio
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Casinos are on the way back and this one is do for big growth
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Summer time is vacation time
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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.
Recs
Well let ole pops tell you.Believe it or not.People like to go to this place and give their money to these people.Not pops,because pops only likes making money,and so I'm placing mine on the house to win.I did go there one time with a friend and it is a nice place with very good food,so I guess I can see why it gets so much business,but I still don't understand why people would want to just give their money away.
Recs
June 25th shares rose 15% last week riding on the coat tails of Penn National Gaming’s agreeing to an acquisition by Fortress Investment Group. However with negative profit margins, this company performance is below that of the sector. Downgraded to sell. In other words this company is no Penn National.
Recs
Company has unique pitch that would appear to give it an inside track to land one of the pending slots licenses in Pennsylvania.

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