ERI

Eldorado Resorts Inc

Consumer


Presented:12/06/2017
Price:$31.25
Cap:$2.44B
Current Price:$45.01
Cap:$9.74B

Presented

Date12/06/2017
Price$31.25
Market Cap$2.44B
Ent Value$4.05B
P/E RatioN/A
Book Value$11.12
Div Yield0%
Shares O/S77.96M
Ave Daily Vol942,970
Short Int37.72%

Current

Price$45.01
Market Cap$9.74B
Eldorado Resorts, Inc. is a gaming and hospitality company. The firm owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. It operates through the following segments: Eldorado Reno, Silver Legacy & Circus Reno as Nevada, Eldorado Shreveport as Louisiana & Scioto Downs and Presque Isle Downs & Mountaineer as Eastern. The company was founded in 1973 and is headquartered in Reno, NV. .

Publicly traded companies mentioned herein: Boyd Gaming Corp (BYD), Churchill Downs Inc (CHDN), Eldorado Resorts Inc (ERI)

Highlights

The presenter is long shares of Eldorado Resorts (ERI), a regional casino and gaming operator, seeing ERI as a particularly well-positioned company in a secularly strong industry. He sees meaningful upside from a more sophisticated approach to marketing and promotional expenses that leverages advanced statistics and data analysis techniques, which pairs well with ERI’s M&A-heavy strategy of cost takeouts and improving efficiency. Under the presenter’s thesis, ERI can see FCF yield reach the double-digit range in 2018 as EBITDA comes in above Street estimates.

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Idea Discussion

Commentor 1 - 2 weeks ago

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