Professional
Added to YB: 2024-05-02
Pitch date: 2024-04-24
PENN [bullish]
PENN Entertainment, Inc.
-7.6%
current return
Author Info
No bio for this author
Company Info
PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in the United States and internationally.
Market Cap
$2.0B
Pitch Price
$17.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.87
P/E
-2.31
EV/Sales
1.77
Sector
Hotels, Restaurants and Leisure
Category
value
Greenlight Capital New Portfolio Holding: PENN Entertainment, Inc.
PENN: Casinos worth $4-7B at 8-12x FCF, but online gaming seen as drag despite ESPN BET's strong start w/ 1M users in <2mo. If 15% of DraftKings' value, could be $20/share. Shares punished on higher marketing spend despite profitable outlook. Potential misunderstood.
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