Great Canadian Gaming Corp

GC-T

Analysis and Opinions about GC-T

Signal
Opinion
Expert
Chart
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.
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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.
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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.
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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.
Ryan Modesto
Price
$50.130
Owned
Unknown
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.
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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.
Colin Stewart
Price
$52.870
Owned
Yes
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.
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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.
COMMENT
COMMENT
December 12, 2018
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.
TOP PICK
TOP PICK
November 19, 2018
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)
Colin Stewart
Price
$50.380
Owned
Yes
TOP PICK
TOP PICK
November 15, 2018
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)
Peter Hodson
Price
$50.440
Owned
Yes
BUY
BUY
September 13, 2018

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.

Ryan Modesto
Price
$44.360
Owned
Unknown
DON'T BUY
DON'T BUY
August 28, 2018

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.

James Hodgins
Price
$46.850
Owned
No
DON'T BUY
DON'T BUY
August 17, 2018

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.

Bryden Teich
Price
$43.890
Owned
No
HOLD
HOLD
August 13, 2018

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.

TOP PICK
TOP PICK
May 24, 2018

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).

Ryan Modesto
Price
$50.250
Owned
No
BUY WEAKNESS
BUY WEAKNESS
May 8, 2018

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.

Fabrice Taylor
Price
$37.760
Owned
Unknown
TOP PICK
TOP PICK
May 2, 2018

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 )

Peter Hodson
Price
$37.330
Owned
No
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