Monarch Casino & Resort, Inc. (NASDAQ:MCRI)
Through its wholly-owned subsidiary, Golden Road Motor Inn, Inc. the Company owns and operates the tropically-themed Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada.
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double bottom 8.22.11
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will go up and fast for six mounths and then plain out and stay for a year or two
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Tiny casino company with no debt, improving operations in every category, paying down debt. Boring company but it will be a winner.
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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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Just building a sin stock portfolio
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Time to go long Monarch at $16.70. Debt free casino impacted near term by weak national economy and ongoing construction and litigation expenses. This too shall pass (line) for you craps players. After today's selloff, debt free, 20% ROE grower looks like a good risk/adjusted value proposition for paitient longs.
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It's hard for casinos to not make money.
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good
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Consistent growth on equity, sales, eps.
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earnings growth year after year
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