Red Rock Resorts: A Good Value Bet On The Vegas Locals Market With A Tribal Kicker

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About: Red Rock Resorts, Inc. (RRR), Includes: BYD, CZR, ERI, FLL, LNY, MCRI
by: Howard Jay Klein
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Summary

We like the DNA family culture of RRR, which like Boyd and Eldorado has proven over time highly adept at infusing strong customer service ethos.

The company's 2Q20 results continue to be heavily impacted by the pandemic but its solvency is solid for beyond worst-case duration.

Its prospects for managing another tribal property in California got a boost from a recent state supreme court decision.

Price at writing $17.82 Signal: Buy

We have been watching the trading trends on Red Rock Resorts, Inc. (RRR) for some time. As of late, there appears to be growing bullish sentiment on