traveler1116/iStock Unreleased via Getty Images Summary Churchill Downs (NASDAQ:CHDN), owner of the iconic Kentucky Derby, is a diversified gaming operator with a strong historical record. Over the past 3 years, the stock has consolidated while revenue and net income has grown. This has presented investors with a great opportunity to purchase a long-term compounder at a fair price. Background and History Churchill Downs is a gaming company, most famously known for hosting the Kentucky Derby—one of the most ...