CEO Robeson Reeves is optimistic about the market's robustness and the long-term potential for the company's Casinos & Resorts assets. Despite this, shares are down more than 25% year-to-date.
Q4 results fell short of estimates with disappointing revenue, operating margin, and EPS. The company's International Interactive segment underperformed. Analysts predict an increase in Bally's cash burn, implying a drop in its LTM free cash flow margin from negative 1.3% to negative 2.9%.
$Ballys(BALY.US)$The General has put in the bid of 38.00 per share for Ballys! There are 400,000 shorts that still have to cover. Surprised more people didn’t buy in on Guaranteed profit. Still not too late to make a small gain. I got in at 35.45. It could get interesting after 37.00. Hoping shorts cover in premarket. Who knows something crazy might happen, I mean it is Ballys.
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LazyGirl_ :
I think people worry about the market ..
Mcsnacks H Tupack楼主Fly5959:
Small chance. They already own 20% of the stock. And it’s still good news. No one is shorting it knowing that. Not until it at least reaches 38.00. Which may be where the squeeze begins.
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Cmon Blackjack!
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