Don’t Just Look At the Price Tag on Penn National Gaming Stock

InvestorPlace2021-07-22

PENN stock needs tourism to bounce back in a hurry. Against the broader fundamental backdrop, the case forPenn National Gaming(NASDAQ:PENN) should be decidedly bullish. Primarily, the novel ...

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5793b21a
2021-07-22
5793b21a
Like and comment
- 5793b21a:
  done
- syleo:
  👌
FantasyX
2021-07-22
FantasyX
Omg
Idl3mind
2021-07-22
Idl3mind
Wow
- LaughingGold:
  leggo
- Idl3mind:
  LEts go
- Idl3mind:
  Pls Like bros

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Primarily, the novel ...</p>\n\n<a href=\"https://investorplace.com/2021/07/dont-just-look-at-price-for-penn-stock/\">网页链接</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Don’t Just Look At the Price Tag on Penn National Gaming Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDon’t Just Look At the Price Tag on Penn National Gaming Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-22 20:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/dont-just-look-at-price-for-penn-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PENN stock needs tourism to bounce back in a hurry.\n\nAgainst the broader fundamental backdrop, the case forPenn National Gaming(NASDAQ:PENN) should be decidedly bullish. Primarily, the novel ...</p>\n\n<a href=\"https://investorplace.com/2021/07/dont-just-look-at-price-for-penn-stock/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PENN","symbol_name":"佩恩国民博彩","start_time":0,"source_url":"https://investorplace.com/2021/07/dont-just-look-at-price-for-penn-stock/","article_id":"1157177675","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1157177675","pubTimestamp":1626958377,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"PENN stock needs tourism to bounce back in a hurry.\n\nAgainst the broader fundamental backdrop, the c","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PENN":"佩恩国民博彩"},"translate_title":"不要只看宾夕法尼亚国家博彩公司股票的价格标签","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PENN":0.9},"content_text":"PENN stock needs tourism to bounce back in a hurry.\n\nAgainst the broader fundamental backdrop, the case forPenn National Gaming(NASDAQ:PENN) should be decidedly bullish. Primarily, the novel coronavirus pandemic that devastated the service and tourism industry has significantly faded from the peak, which is a huge positive for PENN stock. As well, government bodies scaling back their Covid-19-related mitigation protocols is a much-needed lifeline for the gaming industry.\nSource: Jeffrey J Coleman / Shutterstock.com\nBut whatever positivity that PENN stock carried into this year, it’s already given back and then some. On a year-to-date basis, Penn National shares are down 18% but that doesn’t tell the whole story. Since closing at a high of $136.47 in mid-March, the equity unit finds itself down more than 51%, which is a staggering change in tone.\nNaturally, analysts will point their finger at the delta variant of the SARS-CoV-2 virus, which continues to be a thorn on the side of global leaders. As a recentCNNreport revealed, Covid-related hospitalizations and deaths are on the rise, thevast majority of cases involving unvaccinated individuals. While no one can say anything for certain, the resurgent crisis raises the specter of reupped mitigation efforts.\nOf course, that’s not what stakeholders of PENN stock want to hear. After a crisis-plagued year in which the underlying company suffered a more than 32% decline in annual revenue, combined with a net loss of $670 million, Penn National — indeed, the entire service and tourism industry — is anxious to make up for a lost year.\nBut that might not happen if the delta variant truly gets ugly. While such an outlook may not be likely given that over68% of U.S. adults have had at least one shotof the Covid vaccine, the broadermarket is certainly worried about the potential economic impact.\nHow then should investors respond?\nPENN Stock Needs a Revaluation Based on Reality\nFirst, I think it might be useful to keep things in perspective. While the market suffered a sizable hit, reflecting a sharp pivot from robust bullishness just a few days prior, we can’t quite say for certain how the pandemic will play out.\nI’m not an epidemiologist so I’m not going to make any calls. But based on the fact that Americans have gone through this for a roughly one-year period, a return to preventative measures likely isn’t going to be a shock to the system.\nThat said, PENN stock hasn’t reacted well to the circumstances. Over the trailing week from July 19, shares are down 8.5%. And over the trailing month, shares have dropped almost 13%. Irrespective of the delta variant, Penn National has not been able to spark positive momentum.\nA look into the company’sForm 10-Qmay reveal why. For the first quarter of 2021, Penn generated revenue of $1.27 billion, up 14% from the year-ago quarter. That’s reasonably encouraging except for one small detail: the food, beverage, hotel and other segment (which I’ll abbreviate as FBH hence forward) at sales of $192.9 million was down 9.5% year-over-year.\nOf course, because of the pandemic and its lingering effect, the FBH segment was much smaller in 2020. But in 2019, FBH accounted for over 19% of total revenue withsegment sales reaching slightly over $1 billion.\nThus, the fact that FBH sales were declining in Q1 2021 relative to the year-ago quarter is worrisome, suggesting that society’s recovery is taking longer than predicted. Could Q2 results be better? Almost surely but to what degree?\nLooking at visitor statistics for Las Vegas, in 2019, Sin City attracted an average of 3.54 million people a year. As of May 2021, visitor volume is 2.9 million. Unless this stat picks up significantly, it’s hard to imagine that PENN stock will improve in the near term.\nQ2 to Provide Some Answers\nNevertheless, at some point, you’ve got to figure that PENN stock will be an attractive value play. For one thing, you have thefavorable legislative environment for sports betting. Also, if the Covid resurgence turns out to be more of a paper tiger, then the recovery narrative will be back on again.\nHowever, Penn National must get as many tourism dollars as possible as other companies are equally desperate to get their businesses going. Therefore, the company’s Q2 earnings report will be crucial, with analysts eyeballing the FBH segment.\nShould we see a significant improvement, PENN stock could be a strong buy. 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