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Gamehost Inc T.GH

Alternate Symbol(s):  GHIFF

Gamehost Inc. is a Canada-based company operating hospitality & gaming properties in Alberta. The Company's operations include the Rivers Casino & Entertainment Centre in Ft. McMurray, the Great Northern Casino, Service Plus Inns & Suites and Encore Suites hotels as well as a strip mall all located in Grande Prairie, and the Deerfoot Inn & Casino Inc. in Calgary. The Company's segments include Gaming, Hotel, and Food and Beverage. The Gaming segment includes three casinos offering slot machines, electronic gaming tables, video lottery terminals (VLT), lottery ticket kiosks and table games. The Hotel segment includes three hotels catering to mid-range clients. Its hotel operations include full and limited-service hotels, and banquet and convention services. The Food and Beverage segment has operations that are located within the casinos and hotels as a complement to those segments. Its gaming operations are controlled by Alberta Gaming, Liquor and Cannabis Commission.


TSX:GH - Post by User

Post by malx1on Dec 08, 2022 1:33pm
126 Views
Post# 35159668

Smells like Accumulation 🤔

Smells like Accumulation 🤔There are three diff entities currently accumulating GH.    Volumes are small, bidders are patient and one of them is GH's NCIB broker.  While recent price action doesn't look exciting on the surface, what continues to take place is a mopping up if weak hands.     Weak hands are people who hold respectable stakes, likely through an investment advisor or in their self directed accounts, who all have a staring problem.    What are weak hands busy staring at, you ask?    Charts.    Lines on computer screens spanning 1, 2, 3, 4 and 5yrs.     They see a flat line or a sinking line and use that as a primitive signal to exit the stock.     Big mistake.    As the share price flounders, the business is getting stronger with each passing month.     We have duscussed many times the intention of GH to rebuild its balance sheet prior to dividend hike.     The rebuild of their balance sheet is taking place right now but you cannot see it on a stock chart, it's in the financial statements.   Physical improvements to the properties are complete, money spent, patrons happy; now it's time for GH to repay the money smartly borrowed to conduct a brave capex plan during Pandemic Lockdowns.     The heavy lifting is done my friends.    Now it's the old "hurry up and wait" scenario that unfortunately not all investors can visualize because they are too busy staring at charts and reading technical analysis authered by bots.    The smart folks are the ones sticking around through the tough times and they know what's in store.    Winter and spring may be choppy but by the end of 2023 I think we will have the makings of a full recovery for this business and province.    An idling share price indicates consolidation.      This is where the impatient people with staring problems are weeded out, they are weeding themselves out.  Lesson of the session: don't be a weed 
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