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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 Thelongviewon Oct 26, 2023 2:01pm
76 Views
Post# 35702612

RE:RE:RE:RE:How Much is Gamehost Worth Today?

RE:RE:RE:RE:How Much is Gamehost Worth Today?It is indeed fun to debate and not a waste of time at all. This is how we see different points of view - with new points of view either changing our minds or cementing our original view.
 
I understand that you are coming from the point of view of mom and pop investors.
 
Other than management, the Board, and the two institutional shareholders that combine for approximately 13.3 million shares or over 61% of the Company, a large part of the remaining 39% of shareholders were probably the mom and pop investors that you refer to, but not all - unless these mom and pop investors are capable of an investment of over $100 million. That indeed would be an awful lot of mom and pop investors.
 
Today, the composition of shareholders is different. By how much I cannot tell but there are more investors than before who seek growth. Not the type of growth typified by Amazon, Meta, Alphabet, Tesla, Nvidia, etc., but growth nonetheless and at an attractive valuation. These are the real value investors.
 
Buying $1 of assets for $0.75 is ok but if the value of those assets always remain $1 or increase only by 2% or so a year, it will only be an attractive investment if you realize fair value in 2 years or less. If it takes longer, that perceived value is more of a trap than real value. If the asset cannot even increase by the 2% in our example, then it is very much a value trap from the start and to be avoided and by the time you realize fair value – if you ever do – the other investment that you passed up buying so that you could put your money in this one, would have done better for you (possibly leading to another issue in that you will no longer want to pay a higher price for the investment passed up and lose out on all future gains if it keeps doing well).
 
In regards to the bias against Alberta, I have to defer to you in this as you are closer to Alberta than I am and may have some insight that I don’t. All I can say about that is that I always had the utmost respect for our fellow Canadian citizens not only in Alberta but in all of Canada. Partly because it was how I was brought up and partly because I was an anglophone in a province where anglophones were not wanted and will leave it at that.
 
Money will always flow to where it can make more money, whether in Alberta or any other place. Serious investors want to make money. Money managers want to make money.
 
Yes, a person can chose to invest as a means to solve their financial planning goals. Those people can invest in a way to receive income. GH is not the only income vehicle around. There are also investors who want to achieve greater gains and are willing to remain invested for a very long time – to make a commitment for the greater good. They are increasing in numbers. Both types want to make money.
 
GH is an undervalued asset that is attracting a different type of investor.
 
If a company can’t grow, then it should go private or sell itself. I don't want to see GH go private or sell itself. I want it to remain independent but grow. The point is rather moot since the path to attain this growth has not been laid out. I will in a few weeks.

It is a difficult uphill battle as 61% of all shares are owned by a group that has the same mindset and control the Company. I will not propose somenting outrageous or ridiculous and I will back it up with real life examples. Time is limited now but I will post it in a few weeks.
 
All owners have a right to their opinion and have one vote for each share owned.
 
Bottom line is that all GH owners want to make money. Not everything has to remain the same forever – especially if there is a better path.

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