GBA Presents: THE BARE ESSENTIALS

B. Riley Securities started off coverage of Full House Resorts Inc. (NASDAQ:FLL) with a Buy rating.

The firm forecast ~$150M of baseline per annum property EBITDA by 2024 vs. ~$50M in 2022.

Analyst David Bainsaid significant EBITDA growth catalysts are fully funded and expected to begin in about five months with the casino operator's opening of a temporary casino in Lake County, Illinois, followed by a casino resort expansion opening next year in Cripple Creek, Colorado. The management team at Full House Resorts (FLL) is noted to have pulled off casino opening successfully in the past.

On valuation, Bain said that despite projected peer-high 2023-2024 growth and other potential upside optionality, FLL trades at a low EV/EBITDA valuation in comparison to peers. That low multiple is said to set up FLL for a significant stock appreciation opportunity.

B. Riley Securities assigned a price target of $20 to Full House Resorts (FLL) after breaking out EBITDA multiples on each property. The average analyst price target on FLL is $16.00.


IS THIS REAL OR A SIMULATION?
 
OH TO BE RICH-

insider Michael A. Hartmeier, a Barclays investment banker who headed its Lodging, Gaming and Leisure unit there,bought 20,000 sharesof FLL at an average price of $3.71, increasing his stake to 21,675. Following the buy, he was promptly named to the FLL board.
 
Van- Big question - Do we have to replace ACC with another high yielding play?

Because Full House Resorts has no dividend.

Full House Resorts, Inc. (FLL)- @$9.40<--- IDEA*

9.25-0.33(-3.44%)
At close: April 18 04:00PM EDT
9.40+0.15(+1.62%)
Pre-Market:07:34AM EDT
 
stonedinvestor said:
THANK YOU BARONS-!!! Sometimes these guys are the best... just what we are looking for!

Equinor 'the stock to play' European gas, Barron's says 10:06 EQNR Equinor is one of the best-kept secrets in the oil-and-gas industry, Andrew Bary writes in this week's edition of Barron's. The Norwegian state-controlled company is the second-largest provider of natural gas to Europe behind Gazprom. The company's U.S.-listed shares, now trading around $33, look appealing at 8.6 times projected 2022 earnings of $3.88 a share, the author notes, adding that the stock carries a nearly 5% dividend yield. <-----:)
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Or this 5% yield.
 
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