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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

Comment by malx1on Jun 01, 2023 4:33pm
74 Views
Post# 35475680

RE:Fellow Stock Market Coyotes - time to feast on GH

RE:Fellow Stock Market Coyotes - time to feast on GH
malx1 wrote: We are all different when it comes to risk tolerance, investment objectives, financial goals, time horizons.

What we have in common is a desire to grow capital in some way.

In growing capital, most overlook a critical piece of the puzzle:  RISK

Yes, risk; the word that it thrown around by banks and investment houses daily yet nobody seems to have a grasp on the importance of understanding risk/risks when putting their capital to work.

Your investment people have an duty to understand the risks they are taking on your behalf.  Us DIY investors have an obligation and duty to ourselves to understand the risks we take with our capital.

With that said, I'm starting to view the business as low-medium risk rather than medium risk.

Why is it lower risk than its peers?

One word:  Management - they know the assets, they know the industry, they know their region, they know their customers, they OWN their stock.

They have skin in the game, they eat their own cooking, they own more shares than all of us coyotes combined.  Their decisions impact ALL shareholders equally on a per-share basis.  Of course they will make the best decisions possible for the business because their own NET WORTH is at stake.


Why the rant?

Had the opportunity to speak with one of the GH executives yesterday about a nagging concern I had post-AGM.  Details of my concern are not important.  Turned out my concern stemmed from my own lack of understanding relating to a part of the business that I take pride in understanding thoroughly. 

I left the conversation with two bricks off my shoulders.  Less stress! 

Does that make me a few bricks light of a load?  Maybe. 


"Takes one to know one."

Think about that quote.  Most erroneously people use it as an insult.  With GH, that's not the case.  It's taken me over a decade to realize that the management team here understand their business, right down to strategic locations of ATM's and where to hide the high limit machines from Kasking.

They know this stuff because they know the consumer.  The way to truly know the consumer is to be one yourself.  That is the GH advantage.  These guys are not empty white suites with huge salaries and annual options packages.  They are enthusiasts themselves.  The only time you see VP smile ear-to-ear is when he discusses live music events and the customer experience.  You can tell he enjoys the events as much as the customer.


We can sift through corporations to buy on the TSX, Nasdaq and NYSE but it is difficult to assess the qualitative value of management teams when you find a corporation to buy.  Not at Gamehost.

I'd give GH an A+ rating for management for all reasons listed above.  They built the business.  They got shares.  They know their stuff.

Hurry up and wait for share price appreciation and increasing dividends.  It's all happening barring any major ecnomic setbacks.


No matter how we all landed here in the dusty Gamehost dugout, we are bonded together by our desire to see the business prosper.  We are piecing together a last-place ball team that has the ability to make playoffs.  Others cannot see it yet, but they will with time.

Believe in your holdings.  Give them time.  You'll do well.  We all will.

And no, this was not paid for by my line of credit at the Deerfoot.  I'm a shareholder like the rest of you guys and plan remain one as long as we remain a public corporation. 


Management is key, and I'd argue you won't find better in Canada.



Investing strategy:

Buy low-medium risk. 

Buy undervalued businesses.

Buy strong management teams who own shares.


Good things happen, they just take time.
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