Great Canadian Gaming Corp

GC-T

Analysis and Opinions about GC-T

Signal
Opinion
Expert
BUY
BUY
January 20, 2020
It has been a bit of a frustrating ride for him. The stock price has gone nowhere. The stock has put in a floor here and he would like to see it go up now. This will tend to hold up well during periods of weakness. It is a very well run company. Their financial metrics are strong. He is looking to hold this longer term.
Show full opinionHide full opinion
It has been a bit of a frustrating ride for him. The stock price has gone nowhere. The stock has put in a floor here and he would like to see it go up now. This will tend to hold up well during periods of weakness. It is a very well run company. Their financial metrics are strong. He is looking to hold this longer term.
TOP PICK
TOP PICK
January 17, 2020
They run casinos in BC and ON. A strong consumer market should continue to support it. It has a 27% ROE and trades at 16 times earnings. There is some belief on the street that they over paid for the casino rights in the GTA, but he argues that this is already factored into the current valuation metrics. Another knock is that they are not paying a dividend. Yield 0% (Analysts’ price target is $47.25)
Show full opinionHide full opinion
They run casinos in BC and ON. A strong consumer market should continue to support it. It has a 27% ROE and trades at 16 times earnings. There is some belief on the street that they over paid for the casino rights in the GTA, but he argues that this is already factored into the current valuation metrics. Another knock is that they are not paying a dividend. Yield 0% (Analysts’ price target is $47.25)
BUY
BUY
December 31, 2019
Their issue was the money-laundering inquiry in their BC casinos which stopped some good growth. Now, that issue is working its way through the system. The Woodbine Casino remains their jewel, attracting investment. GC offers a great return on capital. You don't need much capital to grow. New locations are very profitable. He owns Brookfield Business Partners which co-financed the Woodbine site.
Show full opinionHide full opinion
Their issue was the money-laundering inquiry in their BC casinos which stopped some good growth. Now, that issue is working its way through the system. The Woodbine Casino remains their jewel, attracting investment. GC offers a great return on capital. You don't need much capital to grow. New locations are very profitable. He owns Brookfield Business Partners which co-financed the Woodbine site.
COMMENT
COMMENT
December 17, 2019
Safe to collect the yield. But the stock appreciation needs more research, which he hasn't done. Well-managed, though.
Show full opinionHide full opinion
Safe to collect the yield. But the stock appreciation needs more research, which he hasn't done. Well-managed, though.
WATCH
WATCH
December 9, 2019

GC-T vs. TSGI-T. They trade at significantly different multiples: 20 times vs. 10 times. TSGI-T has a bigger international perspective, but has more competition. He would prefer TSGI-T if they get their merger done.

Show full opinionHide full opinion

GC-T vs. TSGI-T. They trade at significantly different multiples: 20 times vs. 10 times. TSGI-T has a bigger international perspective, but has more competition. He would prefer TSGI-T if they get their merger done.

TOP PICK
TOP PICK
November 26, 2019
They have a privileged position in the Toronto area market and they’ve teamed up with Brookfield. They’re building many new large casinos in Ontario. Investors should see this as a long-term position around 3. It has high cash-flow with defensive aspects to it. (Analysts’ price target is $47.25)
Show full opinionHide full opinion
They have a privileged position in the Toronto area market and they’ve teamed up with Brookfield. They’re building many new large casinos in Ontario. Investors should see this as a long-term position around 3. It has high cash-flow with defensive aspects to it. (Analysts’ price target is $47.25)
PAST TOP PICK
PAST TOP PICK
November 26, 2019
(A Top Pick Nov 19/18, Up 17%) He still likes it. A high quality company with good long-term outlook. They are spending a lot of money building out casinos. It is a top pick today.
Show full opinionHide full opinion
(A Top Pick Nov 19/18, Up 17%) He still likes it. A high quality company with good long-term outlook. They are spending a lot of money building out casinos. It is a top pick today.
WATCH
WATCH
November 12, 2019
He's watching it. GC has come off, but he's uncertain why. Wait and see. A hold if he already owned it.
Show full opinionHide full opinion
He's watching it. GC has come off, but he's uncertain why. Wait and see. A hold if he already owned it.
PAST TOP PICK
PAST TOP PICK
June 19, 2019
(A Top Pick May 24/18, Down 12%) He still likes them. The recent quarter saw revenues grow by 35%. They are investing in the future by adding square footage, so earnings will be a little chunky. It trades 16 times earnings and they have 10 year contracts to manage casinos and there is no real competition.
Show full opinionHide full opinion
(A Top Pick May 24/18, Down 12%) He still likes them. The recent quarter saw revenues grow by 35%. They are investing in the future by adding square footage, so earnings will be a little chunky. It trades 16 times earnings and they have 10 year contracts to manage casinos and there is no real competition.
DON'T BUY
DON'T BUY
May 7, 2019
Stars vs. Great Canadian Gaming A great combo. Once he was long the Stars Group and short GCG, though he's still long GCG. The Ontario bundle was good for GCG, but there's too much uncertainty here. Expectations rose too high. Now, there's too much uncertainty in Vancouver with a money-laundering investigation. He liked GCG before the valuation is too high now. Stars is more interesting, because they bought as many assets as they could in online gambling which is popular around the world while sports betting is gradually being legalized in North America. He likes Stars. There's strong potential growth in this space, like 10%. Stars will capture a large market share.
Show full opinionHide full opinion
Stars vs. Great Canadian Gaming A great combo. Once he was long the Stars Group and short GCG, though he's still long GCG. The Ontario bundle was good for GCG, but there's too much uncertainty here. Expectations rose too high. Now, there's too much uncertainty in Vancouver with a money-laundering investigation. He liked GCG before the valuation is too high now. Stars is more interesting, because they bought as many assets as they could in online gambling which is popular around the world while sports betting is gradually being legalized in North America. He likes Stars. There's strong potential growth in this space, like 10%. Stars will capture a large market share.
DON'T BUY
DON'T BUY
May 6, 2019
Very volatile. We're now right at the trendline around $44-46; you don't want to see it break below that. If GC can't hold this level, it will likely sink back to $40. Today, Great Canadian reported a decline in money spent on chips at its casino tables, hit by anti-money laundering rules.
Show full opinionHide full opinion
Very volatile. We're now right at the trendline around $44-46; you don't want to see it break below that. If GC can't hold this level, it will likely sink back to $40. Today, Great Canadian reported a decline in money spent on chips at its casino tables, hit by anti-money laundering rules.
BUY
BUY
May 2, 2019
They have greater operations in Ontario now. There was controversy around the bidding process. It has been a volatile ride. Growth metrics are excellent. They can fund a lot of their operations thought cash flows but have had to take on some additional debt. Their runway for growth is good and they have a good moat around their business. He likes them. Gambling tends to be recession proof.
Show full opinionHide full opinion
They have greater operations in Ontario now. There was controversy around the bidding process. It has been a volatile ride. Growth metrics are excellent. They can fund a lot of their operations thought cash flows but have had to take on some additional debt. Their runway for growth is good and they have a good moat around their business. He likes them. Gambling tends to be recession proof.
BUY
BUY
March 29, 2019
They are a casino operator. They have won a bunch of contracts in Ontario. It is hard to compete with them because of the restrictions and regulations. They are updating some of the older casinos. There is a nice long term recurring revenue stream. He likes this name.
Show full opinionHide full opinion
They are a casino operator. They have won a bunch of contracts in Ontario. It is hard to compete with them because of the restrictions and regulations. They are updating some of the older casinos. There is a nice long term recurring revenue stream. He likes this name.
PAST TOP PICK
PAST TOP PICK
February 5, 2019
(A Top Pick Apr 24/18, Up 47%) They have a strong position in BC gaming and are bidding in Ontario. He's trimmed his position, but really likes this still. GC basically has a monopoly on gaming in Toronto, and are building across Ontario. Toronto is underserved with lots of demand, so it will be lucrative for GC. He'll own this for the long haul.
Show full opinionHide full opinion
(A Top Pick Apr 24/18, Up 47%) They have a strong position in BC gaming and are bidding in Ontario. He's trimmed his position, but really likes this still. GC basically has a monopoly on gaming in Toronto, and are building across Ontario. Toronto is underserved with lots of demand, so it will be lucrative for GC. He'll own this for the long haul.
COMMENT
COMMENT
January 21, 2019
There was a short report on them a few months ago that suggested they landed a tremendous deal in Ontario but it went wrong. They have an aggressive growth plan to build their casinos, which requires a lot of capital. During a downtown, gambling is recession proof. High ROE.
Show full opinionHide full opinion
There was a short report on them a few months ago that suggested they landed a tremendous deal in Ontario but it went wrong. They have an aggressive growth plan to build their casinos, which requires a lot of capital. During a downtown, gambling is recession proof. High ROE.
Showing 1 to 15 of 73 entries