RE:RE:Another Solid QuarterPer my recent question, I not overly surprised as I think barring an aquisition strategy or new start up strategy their top line growth in this market is limited. The current petition for raising gaming limits could certainly help a bit but with tables being limited too there is definitely an upside limit per room.
Having said that, shareholder value can easily be improved through redirecting their existing cashflow to eliminate debt. I hope to see them continue this trend. Over time as debt is eliminated it should allow for a leveraged bolt on aquisition or two. As long as they don't go crazy with the level of leverage which occured years ago, they should be fine.
Their gross receipts seem to present well against their peers for the most part.
https://www.wsgc.wa.gov/docs/statistics/cardroom-gross/2015-4.pdf
I think fair value is definitely $.30/share or higher too.