The Panic-Proof Portfolio (Stockchase Research)
Golden Entertainment Inc.
GDEN-Q
TOP PICK
Aug 13, 2024
Stockchase Research Editor: Michael O'Reilly
GDEN owns 71 gaming taverns in Nevada, operating over 550 slot machines and over 6000 hotel rooms. It trades at 17x earnings, under 2x book and supports a 60% ROE. The company has been diligently reducing debt and buying back shares. We recommend setting a stop-loss at $24, looking to achieve $38 -- upside potential of 28%. Yield 1.7%
GDEN owns 71 gaming taverns in Nevada, operating over 550 slot machines and over 6000 hotel rooms. It trades at 17x earnings, under 2x book and supports a 60% ROE. The company has been diligently reducing debt and buying back shares. We recommend setting a stop-loss at $24, looking to achieve $38 -- upside potential of 28%. Yield 1.7%
(Analysts’ price target is $38.14)