Gamehost Inc T.GH

RE:managed to add today

[malx1]

BarstoolSage wrote: Picked up 1000 today at 6.19 and I'm pretty happy. Gives me 3 thousand of these beautiful monthly yielding babies.and I think I'm buying good coming yield at a good price.

Bought 2 thousand a while back at $8.35 that was doing everything I wanted until Covid hit and closed the casinos

I was redeploying out of NTAR profits which has been a good call for me. In the last three days I've picked up close to 3000 Chemtrade selling on NTAR. profits and now today 1000 GH

I like GH as a small casino, meals and lodging operator. It is well run. Since Covid it has also repurchased lots of its shares for $4.44 according to May 12 NR, taking 270,451 shares out of  24 million out of circulation. About 1% which is not nothing

The properties I see, the Grande Prairie Great Northern casino & adjacent Service Plus Inns & Suites, The Boomtown Casino in Ft McMurray which by now everyone has heard of, and Calgary's Deerfoot Inn & Casino, are well run and look good. I understand that David and Darcy Will are long time owners and insiders which means experience is at the helm. And it shows in the financial statements in terms of key metrics like debt and leverage. GH has lots of resources to ride out Covid 

All in all I think my 23k investment in 3000 GH shares is going to work out for me
 

The 'Sage' looking quite omniscient today.  Almost a year-to-date after grabbing some shares at $6.

This pandemic really culled the "traders" of GH and transferred their shares into the hands of "investors".  Anyone who bought while casino doors were closed is finally seeing their seeds start to sprout.  I'm happy for the group here.  You toughed it out.  You saw that there would be an eventual reopening.  Give yourselves some credit, you've got more backbone than the executives who ran Great Canadian Gaming and sold it at the bottom of the recession for $0.50 on the $1.00.

Better days ahead, my friends.  I'm hoping a few months of business may lead to some form of dividend.  Would not be surprising to see $0.03/m to start, rather than the $0.0575 you're accustomed to.  Be patient.

Kasking thanks for being the eye-in-the-sky.  Your input from GP has lifted the spirits of the gang here.  I don't care wht the pit bosses say about you, you're a good egg amongst the shareholders.

[BarstoolSage]

LOL I don't want to tell you about my wrong decisions..that OK? Since that post I added just south of another 2k and this is turning out as predicted. I have another big bet on Chemtrade...it has come back but is currently stuck about a dollar back. But it has a long way to go before getting back to where it was..and as soon as their dividend comes back.... Simply a matter of buying low

[malx1]

No problem.  Not here to see who has the best batting average. I was buying GH shares back when they were trading on venture exchange at $27 (pre-split).  ACB on GH of $10 (post-split) is quite respectable.  Some catalysts on horizon could help push GH to premium valuation as global economy needs more ethically sourced oil & gas form Alberta. Investing was never supposed to

[BarstoolSage]

Just some self deprecating humour..And I agree with you. The last year has been awesome for accumulating distressed end of the world as we know it stocks that got hammered in the panic sell downward. Most everything was on sale. Dont claim any prescience..just been through more than one of these cycles..2020, 2008, 1999\2000, 1987 And was lucky enough to step into some solid trends in my

[malx1]

Sage, was sharing to point out that plenty of quality companies were mispriced during the pandemic.  Some were starting to be priced for bankruptcy.  GH fell into that fear box as it was transacted in the $4's.  Illiquid shares are tough to buy in bulk during bull markets and even tougher to sell in bulk during recessions. Let me know how it goes with your accountant.  I&

[BarstoolSage]

Agree with illiquid shares. One of my core holdings is a lot of Becker ...yeah the milk stores that now only owns real estate . just under 2 million total shares out. It's a nice reliable cash box that throws out the occasional special dividends as it sells properties and builds up cash. Could see a takeover seeing the original owners must be thinking estate plan...but until then, its a nice

[malx1]

Yes!   Sage.  I like overlooked equities as well.  The mini reit which owns convenience store properties. Almost as illiquid as Wall Fiancial Corp.  WFC GH was often in the "overlooked" category because of its size and also the lack of financings (only the ipo and convertible debentures sold over past 20+ yrs).  That might be changing over the next few

[BarstoolSage]

Can't remember how GH came oto my radar, but I held Great Canadian Gaming for awhile back when. Kinda rued the day it and Gateway were taken private because casinos are a nice vice stock. Did like GH right away because of what I found doing my DD.  Don't think any other Canadian public company owns casinos. PURE is ONEX...any others out there?  quote=malx1]Yes!   Sage

[cpeczek]

Evergreen Gaming (TNA.V) owns some card rooms in Washington State. Gamehost is the last pure casino play on the TSX.

[malx1]

Abundance of casino owners in trouble as pandemic shuttered operations and most were aggressively leveraged. Gateway Casinos has attempted to go public several times the past 10yrs and failed to find a "valuation" that worked with new buyers and its current owners.  This company is drowning in debt.  Would not be surprised to see them peel off a few key properties and put them

[TheBridge]

Thanks Malx1 for that interesting roundup and appreciate you taking the time to put it together. Most surprising thing for me from your comment about the lefties has been to find out how many righties have joined the shut down oil group, alarming number of people that still don't have a clue or can't figure out that we couldn't function without oil. IMO, GH shares under $8.50 are still

[malx1]

Happy to share.  I'm sure our Kasking has some stories too.  Quite fashionable for wealthy westerners to dismiss oil being critical to economy.  What most never discuss is that current world population and trajectory of that population both rely on predictable/abundant crop yields to feed us all.  When the price of rice, wheat, corn, various fruits & veggies climbs