50% loss in 3 monthsThe question is, how much lower can it go? Most of us have lost our shirts on this. What is the bottom?
Results like todays don't help.
I fear the downside is another 30% over the next few months until things may get better. With debt levels of $5.1 billion equal to the market cap, the stock will move in exaggerated fashions. The slightest uptick or downtick in earnings can make a huge difference in the value of the common stick.
I fear that if Kentucky comes in negative, or if betting results in the UK and Australia continue to deviate from historical results, we will see a big, big haircut.
On the flip side, if Kentucky is dismissed and the UK starts doing well again, we could be back to all-time highs relatively quickly.