Investors Are Fed Up With PENN: Still A Value Play And Now A Potential Activist/Buyout Target
PENN(PENN) Seeking Alpha·2024-03-01 02:54
David Baileys PENN Entertainment, Inc. (NASDAQ:PENN) took another beating after the company's Q4 earnings report missed expectations. For long-suffering investors in the stock, it was another disappointment- with the cash flow from the company's profitable casino assets overwhelmed yet again by losses in speculative business ventures and acquisitions. PENN bet big on ESPN BET, and while the company saw a ton of downloads and bet activity, their profits weren't quite as expected, and the state-by-state rollo ...