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Penn National Gaming Inc. Message Board

  • finster63 finster63 Oct 19, 2004 5:42 PM Flag

    just an observation...

    The corporate secretary and treasurer of PENN just filed a notice with the SEC to report the flipping of some options at $42/share. Given the close proximity to earnings, the lack of an earnings warning from PENN, and PENN's conservative management style, this bodes well for the upcoming earnings. I can not imagine a senior officer flipping options a week or so before an earnings miss.

    possible, but highly improbable in my opinion.

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    • Finster, I'm expecting strong earnings next week. We already know:

      CT: up 4.8% vs. Q2 (gaming revenue)
      Aurora: up 1.8% vs. Q2
      Missippi: up 2% vs. Q2 (statewide)

      Combined, this equals about 84% of Penn's revenues. Q2 earnings were .60, so we should be above that, depending on how they account for money spent on CT track woes.

 
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