Full House Resorts (FLL) has not lived up to expectations, far from it. Shares have lagged the market and are down over 22% in the past year. The casino operator's shares are quite cheap and represent a very compelling value proposition compared to other regional operators. As you can see, shares have been range-bound for the past four years and are now trading at the lower end of that band.
With shares at the bottom of its range, it's not necessarily the best time to raise money, but that is what the company is doing. Full House Resorts just filed its S-1 to raise $46 million and fund its expansion plans. While dilutive, we feel that this...
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