For the sake of you longs, I hope this goes to 100. But I can't see the benefits of the new racinos. Pittsbirgh's new casino (opening in AUG.) and Columbus will canabalize Chester and Cleveland will take away a good portion of Erie's play. Net, net is break even at best with added costs, it will probably do more harm than good, Start up costs alone will only add to the monstrous debt already on the books.
You can analyze and project possibilities till you're blue in the face. Stocks don't always trade on fundamentals anyways. Why was this stock over 10 a few years ago? How much stock are the Jacobs sitting on that is underwater? Rumors will begin swirling about who might want to acquire this company. I'm not saying anyone will or won't just saying that right now the stock has a bid and until that changes Most of us are staying long or cashing out 1/2 our positions. Good luck! (we'll probably see 5 before 3)