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Ameristar Casinos, Inc. Message Board

  • my_luck_is_all_bad my_luck_is_all_bad Aug 12, 2002 4:41 PM Flag

    I'm not impressed

    So much for all the hoopla about the new casino opening. The stock is up less than 1%. MNTG, the worst managed casino stock ever, continues to kick ASCA's butt, going up over 6% today, and still trading at a 50% higher P/E than ASCA even after getting trashed last week for horrible earnings and guidance. ASCA is also trading at a lower P/E than AGY, which announced horrible guidance because of tax increases in Illinois and Inadiana. The CEO of ASCA is a disgrace. Investors obviously have ZERO confidence in him. NOTHING is going to help this stock. The good news has already happened, and didn't do squat for the stock. There's no more good news on the horizon. Get out while you can.

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