Pinnacle Entertainment, Inc. (PNK)

This latest CEO change seemed to be a required step in bringing a bit of order to the chaos of gaming.

Just playing a pattern in the stock price. The current pattern looks a lot like the graft between April and July this year. The next part of the graft is way down.

The stock had a big drop from its October high, but it appears to be making a gradual come back with the recent rally in the market. I doubt that changing management in this environment will help the company or its stock price. So I believe that this stock won't be able to keep up with the S&P 500 and may actually fade lower if news about this company does not improve.

Pinnacle entertainmen operates seven casinos - most in the United States, but none in Las Vegas. Its management has been recklessly expanding for the past five years despite the fact that the company is a perpetual money loser. I don't see any way the company can pay its debts. Caps 1, Stockscouter 2.

This casino operator has implemented an ill advised national expansion policy despite the fact that none of its casinos is profitable. The stock is up 3.24% as market euphoria spreads to the crappy stocks.

80+ PE? Uh... do their slots run on food stamps or something? Who thinks this is a growth business in a depression? Oh, right, CNBC says we'll recover in the latter half of 2009. Sorry, I forgot.

I like this casino company the best. They operate primarily in St. Louis and New Orleans, outside the cut throat competition of Las Vegas. Unlike Vegas, which relies on people traveling long distances and spending large amounts of money, both the St. Louis and New Orleans markets draw primarily from the local population base, and are performing quite well during the current downturn. Seriously, who wouldn't frequent the casino if it was a 20 min. drive? They are less leveraged than many of their Las Vegas comrades and are able to finish construction of their River City project, which is scheduled for completion this year, with cash on hand. They've shown prudent management by scrapping (at least temporarily) their plans for a mega resort in Atlantic City. Contrast that with other casino operators who have taken on crushing debt loads and virtually destroyed the company to build new projects (see MGM and CityCenter). This company will be a cash cow once its currently underway projects are completed.

86 P/E. They are not paying off debt but aquiring more and they can't even pay the interest they currently have. Also, it jumped 30% today so as good a time as any to short this one.

Pinnacle Entertainment is a company that does what few companies in the gaming industry seem to do outside of Las Vegas, They reinvest in themselves and put the customer IE the Player first. Through their continued effort to reinforce Customer Service Relations and Exemplary Service at all levels, they set the goal for others to follow.

top 20 stocks to sell (10/6/08 LN)

I'm by every sense of the word an amateur at investing. For the most part, investing is something I do on a simulator. My inexperience being noted, I try to make up for that with what seems to make sense to me.

- This company is growing, and their shares are cheap. They are growing in areas that have much less competition than the traditional gaming meccas.
- Yes, the economy is in a recession but that won't last forever and it seems to me that the knee jerk reaction of most people is to go out and recklessly spend after suddenly earning it. And after all, why fly all the way to Vegas when so many people are within driving distance of a casino and can skimp out of a plane ticket.
- The FY '09 earnings are estimated to be nearly 400%
- The house never loses in the long run...I just had to say it.

http://seekingalpha.com/article/83999-pinnacle-more-attractive-than-its-vegas-peers?source=yahoo

http://moneycentral.msn.com/investor/invsub/analyst/earnest.asp?Page=EarningsGrowthRates&Symbol=PNK

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

gaming

Pinnacle Entertainment is a gaming company that owns and operates six casinos and is currently building four more (MSN Money). Gaming stocks are attractive right now as most of them are down around 40% in the current year. Among gaming stocks, Pinnacle has a relatively low debt/equity ratio of .80. Also analysts predict that earnings per share will increase over the next two years.

In short, Pinnacle Entertainment is attractive right now because share price has taken a significant hit in recent months, the company has a low debt/equity ratio, and they are expanding there operations.

Possible risk includes recession in areas of operation leading to a decrease in revenue.

As of close of business on 2/20/08, this was a 5-star Morningstar stock trading at less than half of its Morningstar fair value.

A guaranteed $70 stock by 2011. Will easily outperform the s&p.

To expand on Luckless Wonder, I disagree. The 'finest property manager' probably won't launch the AC project due to his review for violating company policies which will effect his approval for a gaming license.

HERE TO STAY

Highly leveraged and excessive non-producing assets in pipeline. Some projects (Sugarcane Bay) are risky.