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

ON STOCKCHASE SINCE Jul 2003

entertainment services

Great Canadian Gaming Cor...

GC-T

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Great Canadian Gaming Corp (GC-T) SAVE Apr, 22, 2019, 3:42 pm

52.81 0.5 (0.96%)

What the experts are saying about GC-T



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Signal Opinion Expert
BUY
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.
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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.
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Ryan Modesto

Managing P, 5i Research...

Price Price
$50.130
Owned Owned
Unknown

PAST TOP PICK
(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.
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(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.
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Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$52.870
Owned Owned
Yes

COMMENT
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.
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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.
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Jason Del Vicar

Portfolio , HollisWealth...

Price Price
$53.920
Owned Owned
Yes

COMMENT
GC-T vs TSGI-T He does not own either right now. GC-T probably offers highs growth opportunity with their expansion plans in Ontario. TSGI-T is trying to convert poker players into their higher margin casino and sports book.
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GC-T vs TSGI-T He does not own either right now. GC-T probably offers highs growth opportunity with their expansion plans in Ontario. TSGI-T is trying to convert poker players into their higher margin casino and sports book.
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Bruce Campbell

President , Stone Castle Investm...

Price Price
$49.200
Owned Owned
No

TOP PICK
Has owned it for over a year. They started with BC casino and have expanded to Ontario. They almost have a gambling monopoly in Toronto for 20 years with developments in the Woodbine Casino and in Durham. Good demand here for gambling. (Analysts’ price target is $59.00)
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Has owned it for over a year. They started with BC casino and have expanded to Ontario. They almost have a gambling monopoly in Toronto for 20 years with developments in the Woodbine Casino and in Durham. Good demand here for gambling. (Analysts’ price target is $59.00)
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Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$50.380
Owned Owned
Yes

TOP PICK
The stock got decimated by one little short report. But they are 4 years ahead of schedule on their gambling revenue. This stock should go higher on revenues from their latest casino opening. (Analysts’ price target is $59.00)
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The stock got decimated by one little short report. But they are 4 years ahead of schedule on their gambling revenue. This stock should go higher on revenues from their latest casino opening. (Analysts’ price target is $59.00)
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Peter Hodson

CEO & Head, 5i Research Inc....

Price Price
$50.440
Owned Owned
Yes

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

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