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Dover Downs Gaming & Entertainment Inc. Message Board

  • bigfry_52 bigfry_52 Jun 15, 2006 10:32 PM Flag

    12X Ebitda& 2 X Sales = What a Short !

    At 12 X EBITDA... DDE is currently the single most expensive casino operator in the public markets...

    DDE currently trades at a very large premium to: HET,STN,BYD,MGM,ISLE,PENN,LVS,WYNN etc...

    DDE is a single digit revenue growth company in a second rate gaming market that will get turned upside down when their neighbors in PENNSYLVANIA turn 30,000 slot machines on.

    There is not a single professional gaming investor that I know that would pay 12X EBITDA or 2X Sales for a single jurisdiction operator that has massive competition about to enter their market.... not to mention the fact that Maryland could enact slot legislation at any time

    Follow the INSIDER SELLING

    The risk to reward DDE is clearly on the SHORT side!

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DDE
1.11-0.01(-0.89%)Aug 21 4:02 PMEDT

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