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%
Our PAST TOP PICK with GDEN is progressing well. To remain disciplined, we recommend trailing up the stop (from $28) to $31 at this time.