Great Canadian Gaming Corp (GC-T) Stock Predictions - Stockchase
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Great Canadian Gaming Corp (GC-T)

ON STOCKCHASE SINCE Jul 2003

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Great Canadian Gaming Cor...

GC-T

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Great Canadian Gaming Corp (GC-T) SAVE Nov, 13, 2018, 5:30 pm

50.68 0.7 (1.4%)

What the experts are saying about GC-T



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Signal Opinion Expert
BUY

Likes it. Just won contracts in Ontario which he thinks are undervalued--20-year contracts with the potential for growth by growing the square footage. Has little competition due to government regulation. Probably more than a 15x multiple. Long-term potential; they'll have to invest in these facilities, so be patient. They've been very transparent about the River Rock casino in BC as authorities investigate money laundering allegations.

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Likes it. Just won contracts in Ontario which he thinks are undervalued--20-year contracts with the potential for growth by growing the square footage. Has little competition due to government regulation. Probably more than a 15x multiple. Long-term potential; they'll have to invest in these facilities, so be patient. They've been very transparent about the River Rock casino in BC as authorities investigate money laundering allegations.

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Ryan Modesto

Managing P, 5i Research...

Price Price
$44.360
Owned Owned
Unknown

DON'T BUY

The first few quarters since the GTA bundle blew the doors off, but there isn’t much transparency to that agreement. Some analysts have a sell on it because they believe that there is a tipping point in the agreement, so that if revenue goes down a little bit, cash flow drops near zero. He believes that he has a small short position in the company, mainly from a valuation perspective. There is also ongoing risk from an ongoing investigation into money laundering in BC. Nothing incriminating of Great Canadian has come from this so far, but it is a risk that is not publicized enough, creating a basis for a short.

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The first few quarters since the GTA bundle blew the doors off, but there isn’t much transparency to that agreement. Some analysts have a sell on it because they believe that there is a tipping point in the agreement, so that if revenue goes down a little bit, cash flow drops near zero. He believes that he has a small short position in the company, mainly from a valuation perspective. There is also ongoing risk from an ongoing investigation into money laundering in BC. Nothing incriminating of Great Canadian has come from this so far, but it is a risk that is not publicized enough, creating a basis for a short.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$46.850
Owned Owned
No

DON'T BUY

They own Brookfield Business Partners (BBU.U.T) instead, which contributed significant capital to a joint venture with Great Canadian, who is running the Woodbine investment. A lot of volatility with this name. Not the most consistent income stream.

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They own Brookfield Business Partners (BBU.U.T) instead, which contributed significant capital to a joint venture with Great Canadian, who is running the Woodbine investment. A lot of volatility with this name. Not the most consistent income stream.

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Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$43.890
Owned Owned
No

HOLD

It had a big spike in the spring above $50. Right now, it's around $45. With the next earnings report, this could go either way, up or down. This stock could test the range of $38-44. It's volatile. Hold if you're long term. He expects this to test $44.

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It had a big spike in the spring above $50. Right now, it's around $45. With the next earnings report, this could go either way, up or down. This stock could test the range of $38-44. It's volatile. Hold if you're long term. He expects this to test $44.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$46.290
Owned Owned
Unknown

TOP PICK

They are growing into Ontario.  Their recent earnings really caught on with an impressive number.  It was not even a full quarter of results from the recent acquisition.  They have 20 year contracts.  16 times earnings.  (Analysts’ target: $51.80).

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They are growing into Ontario.  Their recent earnings really caught on with an impressive number.  It was not even a full quarter of results from the recent acquisition.  They have 20 year contracts.  16 times earnings.  (Analysts’ target: $51.80).

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Ryan Modesto

Managing P, 5i Research...

Price Price
$50.250
Owned Owned
No

BUY on WEAKNESS

Casinos are good businesses. They have had recent tailwinds, such as new contracts in Ontario. He thinks this is a good stock to own.  It generates a lot of cash and probably has more upside. However, it is not cheap. He would hold onto anything he owned, but would not buy at this price.

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Casinos are good businesses. They have had recent tailwinds, such as new contracts in Ontario. He thinks this is a good stock to own.  It generates a lot of cash and probably has more upside. However, it is not cheap. He would hold onto anything he owned, but would not buy at this price.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$37.760
Owned Owned
Unknown

TOP PICK

You can never go wrong with gaming – it is recession proof.  It is a great BC company that has shifted into high growth mode.  A well-run company who as bought back 22 million in shares that trades at 21 times earnings.   It is looking to expand into Ontario in a big way.  Yield 0%.  (Analysts’ price target is $38.80 )

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You can never go wrong with gaming – it is recession proof.  It is a great BC company that has shifted into high growth mode.  A well-run company who as bought back 22 million in shares that trades at 21 times earnings.   It is looking to expand into Ontario in a big way.  Yield 0%.  (Analysts’ price target is $38.80 )

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Peter Hodson

CEO & Head, 5i Research Inc....

Price Price
$37.330
Owned Owned
No

TOP PICK

This is the largest casino operator in Canada. It is a big business in BC, they are now doing business in Nova Scotia, and they have just been awarded bundle licenses in Ontario. The Ontario bundle includes Woodbine Race Track in the Greater Toronto Area. This is a crown-jewel level opportunity. It currently has just slot machines, but they are making a huge renovation, in conjunction with Brookfield. The Toronto area is underserved by casinos now, and they have an effective monopoly in the GTA for the next 22 years. This is an enormous opportunity. He doesn’t think that opportunity has been priced into the stock yet. There is some concern about regulatory overhead in BC, because BC has issued new rules to limit money-laundering via casinos. However, there are no allegations against Great Canadian Gaming. The impact might be to reduce the amount of business from large players, but he thinks this has already been priced into the stock. Management owns a lot of stock, the company spits out a lot of cash flow, the company trades at a reasonable multiple, and there are many barriers to entry, protecting the business. This is a good business to own in a recession. (Analysts’ price target is 39$)

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This is the largest casino operator in Canada. It is a big business in BC, they are now doing business in Nova Scotia, and they have just been awarded bundle licenses in Ontario. The Ontario bundle includes Woodbine Race Track in the Greater Toronto Area. This is a crown-jewel level opportunity. It currently has just slot machines, but they are making a huge renovation, in conjunction with Brookfield. The Toronto area is underserved by casinos now, and they have an effective monopoly in the GTA for the next 22 years. This is an enormous opportunity. He doesn’t think that opportunity has been priced into the stock yet. There is some concern about regulatory overhead in BC, because BC has issued new rules to limit money-laundering via casinos. However, there are no allegations against Great Canadian Gaming. The impact might be to reduce the amount of business from large players, but he thinks this has already been priced into the stock. Management owns a lot of stock, the company spits out a lot of cash flow, the company trades at a reasonable multiple, and there are many barriers to entry, protecting the business. This is a good business to own in a recession. (Analysts’ price target is 39$)

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Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$35.720
Owned Owned
Yes

BUY

They have great management.  There was hope that the OLD in Ontario would privatize their gaming.  They are selling down some of it and GC-T has done very well.  They are one of the best operators in Canada.

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They have great management.  There was hope that the OLD in Ontario would privatize their gaming.  They are selling down some of it and GC-T has done very well.  They are one of the best operators in Canada.

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Greg Dean

Principal , Cambridge Global Ass...

Price Price
$33.520
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Sept 30/16. Up 29%.) He still likes this. May be a bit conservative in the short term. They’ve been swept up in money laundering headlines. Feels a lot of people are missing the mark, where they think the company is doing something nefarious, but to him it sounds more like a broad regulatory issue in BC, and there may be some tweaks to the rules. The real story is with the GTA gaming bundle they just signed. Buying on weakness is a fine strategy.

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(A Top Pick Sept 30/16. Up 29%.) He still likes this. May be a bit conservative in the short term. They’ve been swept up in money laundering headlines. Feels a lot of people are missing the mark, where they think the company is doing something nefarious, but to him it sounds more like a broad regulatory issue in BC, and there may be some tweaks to the rules. The real story is with the GTA gaming bundle they just signed. Buying on weakness is a fine strategy.

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Ryan Modesto

Managing P, 5i Research...

Price Price
$29.810
Owned Owned
No

PAST TOP PICK

(Top Pick Nov 2/16, Up 44.16%)  They signed a deal with Ontario to create casinos in Ontario.  They want to develop the Woodbine site.  It sets up growth potential going forward.  He likes it more now than a year ago.

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(Top Pick Nov 2/16, Up 44.16%)  They signed a deal with Ontario to create casinos in Ontario.  They want to develop the Woodbine site.  It sets up growth potential going forward.  He likes it more now than a year ago.

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Peter Hodson

CEO & Head, 5i Research Inc....

Price Price
$31.490
Owned Owned
No

BUY on WEAKNESS

They are building a gambling complex in Toronto.  Ontario is looking to expand gaming facilities.  The GTA and Vancouver are the biggest markets in Canada.  If it checks back to $28 that would be a good entry level. 

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They are building a gambling complex in Toronto.  Ontario is looking to expand gaming facilities.  The GTA and Vancouver are the biggest markets in Canada.  If it checks back to $28 that would be a good entry level. 

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Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$31.150
Owned Owned
Unknown

BUY

Does this pay a dividend? It does not pay a dividend because they have some debt covenants on some fixed income that they issued. As a casino operator, it is kind of a stable business. Growing organically through some expansions in Vancouver. Also, have some new casinos in Ontario. OLG is opening up packages that companies can bid on as well. There is some good growth potential here. Not that expensive.

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Does this pay a dividend? It does not pay a dividend because they have some debt covenants on some fixed income that they issued. As a casino operator, it is kind of a stable business. Growing organically through some expansions in Vancouver. Also, have some new casinos in Ontario. OLG is opening up packages that companies can bid on as well. There is some good growth potential here. Not that expensive.

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Ryan Modesto

Managing P, 5i Research...

Price Price
$24.490
Owned Owned
No

PAST TOP PICK

(A Top Pick Sept 30/16. Up 4.9%.) Just released a very solid earnings report and beat estimates by a fairly wide margin. The new casino coming online is moving fine. There is still some organic growth potential through some Ontario gaming bundles that they have an opportunity to bid on. A great story that is underfollowed.

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(A Top Pick Sept 30/16. Up 4.9%.) Just released a very solid earnings report and beat estimates by a fairly wide margin. The new casino coming online is moving fine. There is still some organic growth potential through some Ontario gaming bundles that they have an opportunity to bid on. A great story that is underfollowed.

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Ryan Modesto

Managing P, 5i Research...

Price Price
$23.770
Owned Owned
No

TOP PICK

Their casinos are mostly out West, but he likes it because they have expanded. Bought Casino New Brunswick which has 2 sites, and are building 2 sites in Ontario which will be up and running early next year. He likes it because of the share buyback. Their share count has gone down by about 22 million over the past 10 years. That just creates great earnings leverage. They don’t pay a dividend. It is gambling, so almost recession proof.

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Their casinos are mostly out West, but he likes it because they have expanded. Bought Casino New Brunswick which has 2 sites, and are building 2 sites in Ontario which will be up and running early next year. He likes it because of the share buyback. Their share count has gone down by about 22 million over the past 10 years. That just creates great earnings leverage. They don’t pay a dividend. It is gambling, so almost recession proof.

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Peter Hodson

CEO & Head, 5i Research Inc....

Price Price
$21.850
Owned Owned
No

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