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Penn National Gaming Inc. Message Board

  • mrwizard9090 mrwizard9090 May 16, 2008 1:31 PM Flag

    Deal/No Deal

    seen several topics below is a statement that FIG has not increased their position as of 3/31. month and a half ago. traded below 40 for part of april. if they bought, that would have been the time. not reported yet.

    as for re-negotiation of price. forget about the gaming boards. PENN shareholders would have to approve first.

    gambling is going to go on forever. if done right, a cash cow.

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    • u are most probably right on with the price guessing, imo. The lowballers just want to seed fear and steal shares cheap.

    • Your guess as to what might happen to the PPS is as good as any. I believe that the reason the price is where it is, is because WS sees the deal falling through and because gaming is out of favor, has given the low 40s as the intrinsic fair market value. I believe also, that should the deal not materialize, the stock will settle in this area prior to moving up when conditions improve.

    • "FIG had not increased.." FIG is NOT doing the deal directly. The deal is by FUNDS controlled by FIG and Centerbridge.
      The deal has been made.
      Loving the lunacy here. Everyone is trying to read the tea leaves. FIG earnings; FED; CCU deal/no deal; Bank earnings; options;..shorters; creamer the dunce to some...etc. etc. etc.
      PENN=67+ very soon.

      Carlino will retain 2% of PENN after the deal.

    • The cash cow has to pay the financing cost . Market says now enough cow for $67.00 price.

      I see people are unloading. They don't want a 50% return in 29 days.

      PS will there be a pony under the Christmas tree? Long and lost money.

      If this deal closes it will be many months off.


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