Gateway Casinos Income Fund

GCI.UN-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about GCI.UN-T

Signal
Opinion
Expert
SELL
SELL
July 11, 2007
Has been the subject of a takeover offer by private equity. It is unlikely there will be a higher bid. If you own, take your profit and move on.
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Has been the subject of a takeover offer by private equity. It is unlikely there will be a higher bid. If you own, take your profit and move on.
BUY WEAKNESS
BUY WEAKNESS
February 23, 2007
Casinos, primarily in B.C. and Alberta. Trading in line with its US comparables. Expanding their flagship in Burnaby with a hotel that adds an element of risk. Would prefer it around $15.
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Casinos, primarily in B.C. and Alberta. Trading in line with its US comparables. Expanding their flagship in Burnaby with a hotel that adds an element of risk. Would prefer it around $15.
WEAK BUY
WEAK BUY
September 25, 2006
It has had a great year. It is a small cap business. It might advance a little. If you are a risk taker you might want to consider this trust.
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It has had a great year. It is a small cap business. It might advance a little. If you are a risk taker you might want to consider this trust.
HOLD
HOLD
April 7, 2006
At these prices, it's dead money for a year. Likes it, but doesn't expect any growth. Having a little bit of trouble meeting their construction timeline on the new hotel/casino, which will probably affect earnings in the short-term. 8% percent yield.
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At these prices, it's dead money for a year. Likes it, but doesn't expect any growth. Having a little bit of trouble meeting their construction timeline on the new hotel/casino, which will probably affect earnings in the short-term. 8% percent yield.
BUY
BUY
January 6, 2006
This is more of a longer term play. Not going to get a lot of upside in the unit price over the next 6/12 months. Facing a number of operating challenges. The number of slot machines in the Vancouver area has more than quadrupled. Stable income stream. Limited capital expenditures needed.
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This is more of a longer term play. Not going to get a lot of upside in the unit price over the next 6/12 months. Facing a number of operating challenges. The number of slot machines in the Vancouver area has more than quadrupled. Stable income stream. Limited capital expenditures needed.
TOP PICK
TOP PICK
December 19, 2005
Possibly a slightly risky play, but over the long-term a good place to be. The company has a number of short-term challenges. A lot of new competition has come into the Vancouver area.
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Possibly a slightly risky play, but over the long-term a good place to be. The company has a number of short-term challenges. A lot of new competition has come into the Vancouver area.
BUY
BUY
November 18, 2005
Has had a pretty dramatic correction. Stumbled in the 1st quarter and a little bit in the 2nd because the competitive environment in Vancouver has become very tough. The growth is going to take some time. At a level where most of the downside is reflected in the price. Long term, really likes the stock as it is well suited to the trust model.
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Has had a pretty dramatic correction. Stumbled in the 1st quarter and a little bit in the 2nd because the competitive environment in Vancouver has become very tough. The growth is going to take some time. At a level where most of the downside is reflected in the price. Long term, really likes the stock as it is well suited to the trust model.
HOLD
HOLD
October 21, 2005
The market in this sector is becoming over crowded. Expects this stock will bounce back in the short term.
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The market in this sector is becoming over crowded. Expects this stock will bounce back in the short term.
BUY
BUY
September 16, 2005
Longer term, the casino business, particularily in B.C. is a very good model. Basically all the capital expenditures are funded by the provincial government and in turn they get a fairly big chunk of the operating profits. Long term, it is very well positioned. Shorter term, it will continue to face some challenges in competition. Not a bad entry point.
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Longer term, the casino business, particularily in B.C. is a very good model. Basically all the capital expenditures are funded by the provincial government and in turn they get a fairly big chunk of the operating profits. Long term, it is very well positioned. Shorter term, it will continue to face some challenges in competition. Not a bad entry point.
WEAK BUY
WEAK BUY
August 26, 2005
Longer term it's a great name to hold. Owner/ opperator of casinos in B.C. They are expanding casinos, but have run into obstacles. Anticipated growth has been delayed.
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Longer term it's a great name to hold. Owner/ opperator of casinos in B.C. They are expanding casinos, but have run into obstacles. Anticipated growth has been delayed.
VAGUE
VAGUE
August 19, 2005
Has been on a bit of a roller coaster ride over the past year. Extremely high potential for growth in this area because of the B.C. government's expansion of the number of casinos. Since the last quarter, this stock has come off significantly.
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Has been on a bit of a roller coaster ride over the past year. Extremely high potential for growth in this area because of the B.C. government's expansion of the number of casinos. Since the last quarter, this stock has come off significantly.
BUY
BUY
July 29, 2005
Good business that is well suited to the income trust model. Has been an enormous amount of expansion in British Columbia and they are an active participant. Could see some consolidation in this area and they are well positioned to take part.
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Good business that is well suited to the income trust model. Has been an enormous amount of expansion in British Columbia and they are an active participant. Could see some consolidation in this area and they are well positioned to take part.
BUY
BUY
July 15, 2005
Likes the name longer term as the business model is very suitable for a trust structure. Very stable revenues and cash flows. Minimal capital expenditures in British Columbia as the government has a fund set up for casinos. A bit of a disappointing 1st quarter result. Could be some continued volatility, but longer term is positive on it.
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Likes the name longer term as the business model is very suitable for a trust structure. Very stable revenues and cash flows. Minimal capital expenditures in British Columbia as the government has a fund set up for casinos. A bit of a disappointing 1st quarter result. Could be some continued volatility, but longer term is positive on it.
BUY
BUY
May 20, 2005
A perfect model for a trust. Very low capital expenditures and very strong cash flow; therefor the ability to push off very high distributions. Last quarter's numbers were a little disappointing because of competition so the trust has pulled back. Should be able to wade through it with a little more marketing and aggression.
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A perfect model for a trust. Very low capital expenditures and very strong cash flow; therefor the ability to push off very high distributions. Last quarter's numbers were a little disappointing because of competition so the trust has pulled back. Should be able to wade through it with a little more marketing and aggression.
BUY
BUY
April 26, 2005
Likes this one a great deal. Enormously profitable.
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Likes this one a great deal. Enormously profitable.
WAIT
WAIT
April 22, 2005
An industry that is very well suited to the trust model. Very strong and stable cash flows. The gaming industry in British Columbia is expanding by leaps and bounds. The only chink in the armour is the build out of the Burnaby casino which is a massive construction project. Wait to see Burnaby get built out.
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An industry that is very well suited to the trust model. Very strong and stable cash flows. The gaming industry in British Columbia is expanding by leaps and bounds. The only chink in the armour is the build out of the Burnaby casino which is a massive construction project. Wait to see Burnaby get built out.
BUY WEAKNESS
BUY WEAKNESS
April 15, 2005
Shorter term, it will continue to come under pressure. 4th quarter results were a little bit soft. A lot of new competition coming into the Vancouver market. Expects there will be some downward pressure on slot machine revenues. Likes it for the longer term.
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Shorter term, it will continue to come under pressure. 4th quarter results were a little bit soft. A lot of new competition coming into the Vancouver market. Expects there will be some downward pressure on slot machine revenues. Likes it for the longer term.
BUY
BUY
April 8, 2005
Just bought more on the recent pullback. Seeing increased competition and probably won't see the same growth rate that it has had, but it will continue to grow internally and they are expanding their Burnaby casino. This year will be a transition year. Expect your 7% yield and maybe get 3/4% squeezed out of it. High cash flow/margin business.
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Just bought more on the recent pullback. Seeing increased competition and probably won't see the same growth rate that it has had, but it will continue to grow internally and they are expanding their Burnaby casino. This year will be a transition year. Expect your 7% yield and maybe get 3/4% squeezed out of it. High cash flow/margin business.
HOLD
HOLD
March 18, 2005
Just reported this morning and their numbers were a little bit soft. Expects results in the near term are going to be a bit choppy. Quite a bit of competition coming into the market. Taking steps to address this, by expanding their Burnaby casino. Likes this trust for the longer term. Short term take a bit of money off the table.
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Just reported this morning and their numbers were a little bit soft. Expects results in the near term are going to be a bit choppy. Quite a bit of competition coming into the market. Taking steps to address this, by expanding their Burnaby casino. Likes this trust for the longer term. Short term take a bit of money off the table.
SELL
SELL
January 18, 2005
Have been very successful in raising distribution in the past and expects a jump to $1.57 in 2005. Has a 3 sector underperform.
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Have been very successful in raising distribution in the past and expects a jump to $1.57 in 2005. Has a 3 sector underperform.
DON'T BUY
DON'T BUY
December 17, 2004
Expects it to at least maintain, if not grow, their distributions in a small way. Too expensive.
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Expects it to at least maintain, if not grow, their distributions in a small way. Too expensive.
WEAK BUY
WEAK BUY
November 23, 2004
Has shown good growth and is concerned if it can keep it up, but his partner feels it can. About a 6.5% yield.
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Has shown good growth and is concerned if it can keep it up, but his partner feels it can. About a 6.5% yield.
BUY
BUY
June 11, 2004
Like. Focuses on casinos. Very profitable. Well managed. $18 in one years time.
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Like. Focuses on casinos. Very profitable. Well managed. $18 in one years time.
WEAK BUY
WEAK BUY
March 22, 2004
Raised its distribution recently. Very strong trust. Fully valued. The British Columbia liquor commission may be making changes which will affect their competitive environment. Good, long-term hold.
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Raised its distribution recently. Very strong trust. Fully valued. The British Columbia liquor commission may be making changes which will affect their competitive environment. Good, long-term hold.
BUY
BUY
November 7, 2003
Too small a market cap for them to hold, but gambling is a big revenue generating business. Have a good track record.
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Too small a market cap for them to hold, but gambling is a big revenue generating business. Have a good track record.
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