Great Canadian Gaming Corp (GC.TO) Buy, Sell…

Great Canadian Gaming Corp (GC.TO)

44.98

-0.00 (0.00%)

as of Sep 22, 2021, 8:00:00 pm Market Open.

28 watching

DON'T BUY

Sold Chartwell (CWH-T), Cryptologic (CRY-T) and Great Canadian Gaming (GCD-T) and when they moved down in his models at the end of June. When a stock takes a loss of 8/9%, you should take a good hard look as their first loss is usually their smallest. Have another look at it in 3/6 months.

HOLD

This sector has virtually no capital expenditures. Underperforming right now. Not much risk. Wait for this sector to start moving.

WAIT

Intrigued with the company. Has made a number of acquisitions. This gives them a great growth opportunity. On the other hand, this was a company based in the west and made 3 major acquisitions in the east and you have to hope they have the management to digest all those assets.

BUY

A great business model. Very low cost capital investment. Will be a very strong cash flow generating. Doesn't fit their ethical criteria.

BUY

Have just bought a couple of casinos in the Maritimes. Gambling stocks are a cash machine. Looking at becoming a trust, but not within the next 12 months.

BUY

In the process of buying the Nova Scotia casinos which is a whole new growth opportunity for them. This will offset the increased competition they've had in western Canada.

STRONG BUY

The income trust game is the real valuation here. Expects it will become an income trust within 12 months and you could see $70/75. Still growing right now. Compared to US casino operators it is very, very cheap.B.C. government is providing capital expenditures and not allowing any more licenses in the province.

BUY

A good story. Great business model. The capital they put in is being returned by the government. Could easily get income trusted. Reasonable valuation.

PAST TOP PICK

(A Top Pick Feb 14/05. Up 15%.) Making acquisitions. Getting more recognition.

TOP PICK

A great business model in B.C. Earnings have been growing fantastically in the last 2 years. Has had a huge move which is scary, but the fundamentals are backing it up.

PAST TOP PICK

(A Top Pick Dec 9/04 Up 7%.) Ranks in the top 15% of the database. Some speculation that it may become an income trust. Very good opportunities for them to make very good money in the near term.

BUY

Earnings are starting to accelerate. Well managed. B.C. government is basically paying for their capital expenditures to improve their casinos. Just bought 2 race tracks. Could become an income trust. Cheap. Still buying it up to about $45.

TOP PICK

British Columbia effectively pays for the capital costs of building the casinos out of the receipts/winnings. Also get compensated for free drinks/food that are given. Earnings estimates have dropped slightly but feel they will grow on to $1.12 in '04 up to $1.77 in '05 against a 22 PE.

DON'T BUY

Has done pretty well. Expensive at this price.

DON'T BUY

A good company with a good business. A risky business which will affect valuations. Better places to put your money.

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Great Canadian Gaming Corp (GC.TO)