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Bullboard - Stock Discussion Forum 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... see more

TSX:GH - Post Discussion

Gamehost Inc > Dead Money
View:
Post by PermholdGamesto on Jul 06, 2021 6:05pm

Dead Money

Within 10 years this company will be a 0. Just like Netflix killed Blockbuster, online gambling apps will kill casinos. Nobody wants to drive for miles to gamble and spend $7 for a beer when you could do it in the comfort of your home. Oil has 5-10 years before its useless. The world is switching to renewables. All these little towns the casinos are in will be dead like the Rust Belt. Best case: the company dies, the buildings get bought out to be used for crypto mining. Invest in future proof companies, not boomer ways. I am shorting this to 0.
Comment by malx1 on Jul 06, 2021 6:36pm
Only 5,400 shares short as of last month.  23.3mm shares outstanding. Not sure if you're aware but once the dividend starts, your cost of shorting this stock will be interest on shares borrowed, say 5%, PLUS the annual divided of about 7%. So you're going to pay 12% annually to short Gamehost shares during a commodity bull market? Odds are not in your favour. Let us know how it ...more  
Comment by kasking on Jul 06, 2021 6:49pm
Malx...that dude joined s.h.today, I think he likely lost 10 bucks playing the penny machine, sounds very bitter
Comment by malx1 on Jul 07, 2021 4:39pm
https://stockhouse.com/companies/bullboard/t.gc/great-canadian-gaming-corporation?postid=31393655 Reminds me of the characters who were excited about their short position in Great Canadian Gaming at $29. 3 months later, the company is bought out by Apollo Global Management.  Final price is $45/share. Stock up 50% from where the speculators suggested it was overvalued. Could be another ...more  
Comment by PermholdGamesto on Jul 06, 2021 7:05pm
Doesn't matter when the company declares bankruptcy soon. Enjoy your pennies on the dividend while I am counting your dollars. This is a Blockbuster situation.
Comment by BarstoolSage on Jul 07, 2021 10:01am
Please do and make sure to bet big ....and we'll see who goes bankrupt first...you or GH BTW your premise is flawed. You think it is a zero sum situation and that everyone will want to gamble on line ....but you ignore that people's preferences are on a spectrum.  I expect many people like the atmosphere of a casino, the sounds, the entertainment, the cheap meals, moving around to ...more  
Comment by TheBridge on Jul 07, 2021 10:53am
Permaholdclueless, your very first post on Stockhouse is just too funny and clearly indicates how informed you are. You "Know" that "Nobody" wants to drive to gamble and you "Know" everyone is going to stay home and gamble while drinking cheap beer. The funniest and most clueless statement is that oil will be useless in 5 - 10 years. Your grade 5 teacher will likely ...more  
Comment by GenZinvest2001 on Jul 08, 2021 10:58pm
This post has been removed in accordance with Community Policy
Comment by TheBridge on Jul 09, 2021 10:15am
This post has been removed in accordance with Community Policy
Comment by malx1 on Jul 09, 2021 10:37am
This post has been removed in accordance with Community Policy
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