CZR

Caesars Entertainment Inc

Consumer


Presented:07/30/2024
Price:$36.90
Cap:$7.99B
Current Price:$45.01
Cap:$9.74B

Presented

Date07/30/2024
Price$36.90
Market Cap$7.99B
Ent ValueN/A
P/E RatioN/A
Book Value$19.90
Div Yield0%
Shares O/S216.42M
Ave Daily Vol4,826,707
Short Int10.03%

Current

Price$45.01
Market Cap$9.74B
Caesars Entertainment, Inc. engages in the management of casinos and resorts under the Caesars, Harrah's, Horseshoe, and Eldorado brands. It operates through the following segments: Las Vegas, Regional, Caesars Digital, Managed and Branded, and Corporate and Other. The company was founded in 1937 and is headquartered in Reno, NV.

Publicly traded companies mentioned herein: Boyd Gaming Corp (BYD), Caesars Entertainment Inc (CZR), DraftKings Inc (DKNG), VICI Properties Inc (VICI)

Highlights

The presenter is long shares of Caesars Entertainment Inc (CZR), which is the largest US gaming company. The stock has been beaten down for multiple years and is down 24% YTD due to its consumer exposure, regional casino market share losses, and above-target leverage. However, he sees several potential sources of improved sentiment, including the sale of non-core assets, the capex cycle inflecting positively, and the digital business starting to generate profits. These catalysts could accelerate deleveraging efforts and allow for capital returns, potentially culminating in a double from the current $37 share price.

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Idea Discussion

Commentor 1 - 2 weeks ago

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