Seeking Alpha

Buying the stocks of companies before they convert themselves into real estate investment trusts...

Buying the stocks of companies before they convert themselves into real estate investment trusts makes for a juicy trade, according to dealReporter. With this in mind, casino companies could be of interest with a spun off REIT able to lease properties back to the pure-play casino name and realize significant tax advantages along the way. Two that fit the bill: Penn National Gaming (PENN) and Wynn Resorts (WYNN +0.2%).
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