Penn National Gaming, Inc.

  • Check Out These Regional Casinos

    By Mark Yagalla - July 30, 2013 | Tickers: ASCA, CHDN, PENN, PNK

    While the giant multi-billion dollar casinos in Macau, Singapore, and Las Vegas get all the attention because of their glamour, the regional casino players have a steady clientele and cater to the day tripper. As the U.S. economy has been recovering, locals are returning to their favorite casinos. In some respects, the regional players also benefit as it remains cheaper to visit a local or regional casino rather than more »

  • Should You Gamble on This Stock?

    By Dan Moskowitz - July 15, 2013 | Tickers: CZR, CHDN, PENN

    Penn National Gaming (NASDAQ: PENN) has been known by investors as the best casino stock available for many years. However, not as many investors are as optimistic today as they were in the past, which is evidenced by the relatively large 10.20% short position.

    We’ll take a look at why Penn National has developed such a strong reputation through the years, as well as why shorts are in more »

  • IRS Rethinking REIT Conversions Is Good News

    By Reuben Brewer - June 14, 2013 | Tickers: CXW, IRM, PENN, RYN

    Iron Mountain (NYSE: IRM) saw its shares drop over 15% in one day because the Internal Revenue Service is raising questions about its planned conversion to a real estate investment trust (REIT). Although that may sting the company's shares, and a few others, it's a good thing for the REIT industry.

    Everyone in the water

    Wall Street does most things in grand style. That's what leads to more »

  • Elite Hedge Fund BAM’s Best First-Quarter Picks

    By Meena Krishnamsetty - May 31, 2013 | Tickers: CBI, CTXS, GE, PENN, WPZ

    Dmitry Balyasny's Balyasny Asset Management (BAM) is one of the 500 elite hedge funds we track at Insider Monkey, and for good reason. Its 13F equity portfolio returned at least 14 percentage points in just one quarter alone last year, and this year, many of its stock positions are intriguing, to say the least. Now, in case you aren’t aware, there are material advantages that can be gained more »

  • Continued Insider Sales at Hertz, Recent Action at CBS

    By Meena Krishnamsetty - May 30, 2013 | Tickers: CBS, HTZ, PENN

    There are a number of ways for investors to screen stocks and find potential investment opportunities. One way is by tracking hedge fund holdings and insider trading interest. Our studies have shown that those who follow the picks of the top hedge fund managers can beat their index-focused peers by a substantial margin; discover the secrets of this strategy.

    With regard to insider transactions, the conventional wisdom is that it more »

  • Too Many Converts to REITs Isn't a Good Thing

    By Reuben Brewer - May 6, 2013 | Tickers: CXW, IRM, PENN, RYN

    My concern about corporations converting to real estate investment trusts (REITs) to save on taxes was recently echoed by The New York Times. It's a big issue at a time when the government, at all levels, is trying raise more revenue. If you own a REIT, you need to monitor the conversion trend.

    What is a REIT

    Real estate investment trusts were created to allow small investors the opportunity more »

  • Right Time for Specialty REITs?

    By Howard Rothman - May 6, 2013 | Tickers: AMT 131116P00072500, CXW, EPR, PENN, PSA

    Today’s Real Estate Investment Trusts are not your father’s REITs. Designed for businesses that run income-producing properties like office buildings, shopping centers and apartment complexes, a growing array of newcomers includes owners of everything from private prisons and cellphone towers to casinos and self-storage facilities.

    Because the REIT designation dramatically reduces corporate taxes, conversion by non-traditional businesses like these has become a hot trend on Wall Street. Analysts more »

  • $2 Billion Hedge Fund’s Small-Cap Picks

    By Meena Krishnamsetty - May 1, 2013 | Tickers: IGT, NFX, PENN, SM, WLT

    The most popular small cap stocks among hedge funds (which we define as those stocks with market capitalizations between $1 billion and $5 billion) generate an average excess return of 18 percentage points per year (see the details here). We think that this is because small cap stocks receive less attention from large institutional investors such as mutual funds, and so are more likely to be either undervalued or overvalued more »

  • This REIT Spin-Off Could Bring Out Big Value

    By Mike Thiessen - April 15, 2013 | Tickers: IRM, LAMR, PENN

    In late 2012, well-known casino and racetrack operator Penn National Gaming (NASDAQ: PENN) set the sector on fire by announcing its intention to spin off the gaming industry's first publicly traded REIT. With nearly 7 million square feet of available gaming space on 3,200 acres of wholly owned land, Penn's REIT would manage a large chunk of the company's current real estate holdings. Penn National Gaming more »

  • This REIT Spin-Off Could Bring Out Big Value

    By Mike Thiessen - April 15, 2013 | Tickers: IRM, LAMR, PENN

    In late 2012, well-known casino and racetrack operator Penn National Gaming (NASDAQ: PENN) set the sector on fire by announcing its intention to spin off the gaming industry's first publicly traded REIT. With nearly 7 million square feet of available gaming space on 3,200 acres of wholly owned land, Penn's REIT would manage a large chunk of the company's current real estate holdings. Penn National Gaming more »

  • REIT Spin-Off Could Bring Out Big Value

    By Mike Thiessen - April 12, 2013 | Tickers: IRM, LAMR, PENN

    In late 2012, well-known casino and racetrack operator Penn National Gaming (NASDAQ: PENN) set the sector on fire by announcing its intention to spin off the gaming industry's first publicly traded REIT. With nearly 7 million square feet of available gaming space on 3,200 acres of wholly owned land, Penn's REIT would manage a large chunk of the company's current real estate holdings. Penn National Gaming more »

  • Will Spinning Off a REIT Save J.C. Penney?

    By Sam Mattera - March 22, 2013 | Tickers: JCP, PENN, SHLD

    Shares of J.C. Penney (NYSE: JCP) surged Monday, after analysts at ISI Group said that the retailer could create a REIT from 300 of its top stores. ISI Group argued that under this scenario, J.C. Penney shares could be worth as much as $46. Should J.C. Penney follow ISI Group’s recommendations? And how likely would such a move be?

    Creating REITs can benefit shareholders

    Creating a more »

  • 5 Stocks With Bullish Sentiment From This Underrated Indicator

    By Meena Krishnamsetty - March 3, 2013 | Tickers: CBI, PENN, SM, WLT, WLL

    Hedge fund sentiment is an underrated indicator of a stock’s bullish potential. At Insider Monkey, we’ve discovered strategies that retail investors have used to beat the market, and quite handily at that. Our small-cap strategy outpaced the broader indexes by 18% a year for more than a decade in our back tests, and since we started sharing these picks with the public, we've beaten the market by more »

  • Closing Tax Loopholes Still A Risk

    By Reuben Brewer - February 14, 2013 | Tickers: AB, CG, FUN, FIG, PENN, STON 130622C00025000.DL, BX

    President Obama used an interview just prior to the Super Bowl to highlight the need to raise more revenue through the tax code. He, once again, brought up the carried interest loophole as an example that helps the rich at the expense of funding the U.S. Government. This could be bad news for some companies.

    A Fiscal Cliff Punt

    The big news at the end of last year was more »

  • A Garbage REIT? Come On!

    By Reuben Brewer - February 11, 2013 | Tickers: CBS, LAMR, MAR, PENN, RHP, WM

    Waste Management (NYSE: WM), the largest trash hauling and recycling company in the United States, recently saw its shares jump 2% on a rumor that it was considering changing into a real estate investment trust (REIT). Would such a conversion make sense?

    REITs

    The real estate investment trust structure was created to allow individuals access to institutional level real estate. One of the best features of the REIT structure is more »

  • More REIT Conversions: Billboards

    By Reuben Brewer - February 1, 2013 | Tickers: CBS, LAMR, PENN

    CBS (NYSE: CBS) recently announced plans to turn its U.S. billboard business into a real estate investment trust (REIT). The move makes sense, particularly after Lamar (Nasdaq: LAMR) set plans to do exactly the same thing with its billboards. How should investors think about this evolving REIT sector?

  • Two Sigma Advisors’ Best Stock Picks

    By Meena Krishnamsetty - January 17, 2013 | Tickers: ACAS, ARCC, PDLI, PENN, TCO

    Small-cap stocks don’t get as much attention from analysts, which often leaves them less efficiently priced than their larger peers. As can be expected, hedge funds sometimes take advantage of this by dedicating their research teams to work on the small-cap space.

    In fact, retail investors can use hedge funds' top small-caps as a market-beating strategy; we’ve determined that the most popular small-cap stocks among hedge funds can more »

  • Are These Casino Stocks A Good Bet?

    By Bill Edson - January 11, 2013 | Tickers: MGM, PENN, RCL, WYNN

    There are no compelling casino stocks at current prices. There are several attractive growth stories, but investors should wait for lower valuations before placing their bets. Anything over a 15x multiple is high for casino stocks, which are highly cyclical and face both regulatory risk and stiff competition, in addition to higher taxes. Multiples (in the 20s) should be afforded to stalwarts like Smuckers (SJM), not cyclical gaming companies. 

    Valuation more »

  • Can You Profit From This New Capital Structure Trend In Gaming?

    By Bill Edson - December 14, 2012 | Tickers: CCL, MGM, PENN, RCL

    Most casino companies are real estate development companies that happen to place gaming and hospitality professionals in their buildings. There is new interest in splitting the real estate portion of the business from the hotel & casino portion of the business.

    This is a good move in general, but investors have to consider if these firms are overpriced or if there is a cheap way to get in on these potential more »

  • Ready to Try Your Hand With These Gaming Stocks?

    By Jonathan Lim - December 14, 2012 | Tickers: ASCA, ISLE, MGM, PENN, PNK

    Lady Luck and Mr. Market sure haven't been kind to investors in gaming stocks over the last five years. Once the darling of Wall Street, the industry was rejected like lukewarm food from a buffet steam table.

    Similarly, like many casino buffet patrons, casino operators gorged on easy money to saturate not only Las Vegas and Atlantic City, but also major metropolitan areas. Who would've thought that we more »

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