These 2008 earnings should put them at $110 in 2007 based on forward P/E. In addition to growth from existing properties, look for PENN to add even more properties during this time frame that are not factored into the consensus 5 year EPS growth estimates.
I bought this stock at 34 based on Penn getting slots. I saw what slots did for Delta Downs & Delaware. Your projections didn't seem to take into the type of growth that slots may bring to Penn. What do you think?
Plus AGY had past 4 quarters of 57 / by penn's 40 shares = 1.39 = next year ( but this alone will be higher) plus a shit load more cash to cancel debt and expenses and cut the back admin office expense of 7%
Also you forgot penn intends to achieve 15 % growth in current casinos - yes yearly - they said it and will do it.
we are on track for way over 6 bucks a share and well before 2008!
the stock is acting like a spilt on the annual meeting date. But will not happen before the AGY vote .I think with this upward action and agy insider buys that they have enough votes and gave the right shareholders a board seat and good income for a positive vote.!
Action just might be some window dressing before the end of year by some more big boys. They need to pay the piper to pull the stock from penn holder's hands