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Penn National Gaming Inc. Message Board

  • dundarra dundarra Aug 6, 2004 4:11 PM Flag

    Good news on a bleak day

    Data is starting to trickle in for 3rd quarter.

    Aurora in July: $20,552. This is 8.4% above the Q2 average.

    CT: Over $7.4MM last week. Factoring out the holiday week (July 4), revenues running 5.6% above Q2 average. (To our additional benefit, there are 2 holiday weeks this quarter vs. 1 in 2nd quarter.)

    Obviously, business continues very strong. Its early, but this quarter could be shaping up to blow away last quarter's 60 cents. I've given up hope we'll ever get the P/E most of us think Penn deserves, but as long as earnings keep ramping up, stock price must follow.

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    • To be clear, when I calculated CT's Q3 revenues to be running 5.6% above Q2, I factored out holiday weeks from both quarters. But holiday weeks ultimately will work to our advantage this quarter since there are 2 vs. 1 last quarter.

      Finster, thanks for your analysis of UBET's quarter and future prospects on the UBET board. What do you think of TVG's astounding 50% jump in handle last quarter?

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