I've wanted to buy this stock for a long time but luckily I didn't. Yea I guess a short squeeze is possible but there are tons of issues here.
Cons: 1) Didn't the company recently say they won't be able to continue making profits if the delaware gaming taxes aren't redone? 2) If they start losing money and they have, a dividend cut is inevitable. 3) If they start losing money, repaying their large debt obligations is going to be an issue. 4) Management tried to takeover dover motor sports so I don't trust their judgement. 6) Margins are always going to be lower than they were. Table games are important to retaining customers, but are not as profitable as the slots they replaced. 5) Leveraged casino stocks are never a good idea when recession talk is around.
Pros: Yea sure they could get bought out but I'm not looking at this until delaware starts talking about gaming tax reform.