Added to YB: 2024-07-01
Pitch date: 2024-06-29
RRR [bullish]
Red Rock Resorts, Inc.
+20.87%
current return
Author Info
Stock Pitckers Journey is the retired Director and COO of the Prudent Bear Funds. Sign up for the newsletter.
Company Info
Red Rock Resorts, Inc., through its interest in Station Casinos LLC, develops and manages casino and entertainment properties in the United States.
Market Cap
$2.2B
Pitch Price
$52.19
Price Target
N/A
Dividend
2.66%
EV/EBITDA
7.01
P/E
14.86
EV/Sales
2.89
Sector
Hotels, Restaurants and Leisure
Category
growth
Gambling My Life Away - Red Rock Resorts, Inc.
RRR: Vegas locals casino op w/ 17 properties. New Durango casino. Potential for $4/share earnings in coming years. Strong real estate assets & growth prospects. Differs from MGM/Caesars: less leveraged, steadier. 17% owned by Ron Baron. Howard Klein's SA analysis supports bullish case. Premium multiple justified by growth & stability.
Read full article (2 min)