Professional
Added to YB: 2024-05-02
Pitch date: 2024-04-24
PENN [bullish]
PENN Entertainment, Inc.
-21.09%
current return
Author Info
No bio for this author
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Company Info
PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences.
Market Cap
$1.8B
Pitch Price
$17.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.54
P/E
-2.28
EV/Sales
1.81
Sector
Hotels, Restaurants and Leisure
Category
value
Show full summary:
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.
Read full article (2 min)