RE:RE:RE:BEI lurkers looking for Alberta exposure with incomeNorthforce13 wrote: Tangible book value 37.4 mil, market cap 201 mil
How hard is it to build a casino? That's their 'moat'?
GOOG's BV/sh is $380
Stock price is $2,700
Does that mean I should not buy GOOG at $2,700?
My target price for Google is north of $4,000 and book value has zero impact on my decision to own it. You can choose different methods to value a business, book value is just one of them.
I would recommend EV/EBITDA or Cash flow or net earnings or NAV or a combination of them all or some.
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You ask what is GH's moat?
Excellent question.
Their casino "licenses" is the answer.
AGLC news:
News Release: Gaming facilities moratorium extended indefinitely
https://aglc.ca/news/gaming-facilities-moratorium-extended-indefinitely I shared GH info because the brave souls who purchased BEI.un when I did had the same mindset:
Alberta is going to recover and higher commodity prices will lead to the realization that Alberta is the most important economic hub in Canada.
If you subscribe to my thesis, then GH is ideal for those who wish to participate in AB's economic recovery.