Monarch Casino Will Grow With The Eventual Reversion Of Consumer Spending

Jishan Sidhu
500 Followers

Summary

  • Monarch Casino & Resort reports Q3'23 revenues of $132.97mn, a slight YoY decline.
  • MCRI maintains a fourfold investment thesis centered around location advantage, growth opportunities, operations track record, and strong financial profile.
  • The Company is undervalued and positioned for greater share price growth compared to peers due to consumer purchasing power and growth opportunities.

Slot machines in Casino

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Monarch Casino & Resort Incorporated (NASDAQ:MCRI) is a Reno, Nevada-based casino owner and operator with two principal properties: the Reno-based Atlantis Casino Resort Spa, and the Monarch Casino Resort Spa in Black Hawk, Colorado.

Through these activities, Monarch has recorded

This article was written by

500 Followers
I am a Canadian business student with experience as an Investments Analyst at a mid-sized asset management firm and am an incoming Summer Private Markets Analyst at a Maple 8 pension plan. I am focused on quality long-only articles and searching for high-value companies. I have an event-driven focus, evaluating how equities perform under macro events, considering their financials and corporate strategy above all else.Through university clubs, I would also like to disclose my association with Francesco Infusino and Ben Lisi.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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