Morning mooers! It is Thursday, Arpil 18th, the market is open and struggling to find direction. My name is Kevin Travers, it is raining and cold again in Jersey City. Here are you morning moovers today: NOW IN AUDIO FORMAT vvv MOOVERS The largest decliner of important relative market cap on the Nasdaq was$Monarch Casino & Resort, a casino stock that posted disappointing earnings Wednesday. It fell about 4%, while$Las Vegas Sands...
RDK79 :
Earnings / economy good… Market struggles. Earnings not as good as Q4 …. Market struggles. Market does what it wants when it wants, random excuses tolerated. Good luck
Kevin Travers楼主RDK79:
Fantastic insight! Can I interview you to share your investing journey with the moomoo audience? What are you watching today RDK79?
Despite Monarch Casino & Resort's weak earnings outlook and slower growth, it trades at a market-comparable P/E ratio. This indicates investors' reluctance to sell, despite analysts' bearish views. However, maintaining these prices may be challenging due to low earnings growth.
The CEO emphasized the company's strong financial position, enabling continued property investment, cash dividends, and potential share repurchases. He stressed that growth through acquisition is a focus, but the right transaction is paramount.
Monarch Casino & Resort's rising ROCE figures imply improved profitability. Its positive trends may continue, given the 70% return for shareholders in the past 5 years.
The analysis recommends considering MCRI shares for purchase as they appear undervalued. However, it warns investors to factor in aspects like the company's capital structure, management team track record, and identified risks.
tangobravoromeo Darwin Huddson: You PROMISE!!???
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