There was a big demand for PNK Elephant to open a brick and mortar store here," explains Vick.
Some days I would stay at PNK Elephant all day, and my family would need me home to make dinner.
PNK beat by 10 cents with EPS of 8 cents per share.
BYD, MGM and PNK are Zacks #3 Rank ("hold") stocks.
Fitch believes acquisition risk remains (particularly with respect to a Las Vegas opportunity), but PNK has demonstrated a willingness to use equity to help fund its growth plans.
PNK has virtually no debt maturities until the credit revolver in 2010.
Country: USASector: Hotels/Restaurants/Casinos/CateringTarget: Ameristar Casinos IncBuyer: PNK
Finance Corp, Pinnacle Entertainment IncDeal size in USD: 900mType: Corporate acquisitionFinancing: Cash & DebtStatus: Agreed
Tickers featured: ABTLE, IFX, INTC, MU, PNK
, RMBS, STMP, YHOO.
Tickers featured: AGI, AZR, BYD, CZR, HET, IGT, ISLE, MBG, MCRI, MGG, PNK
, PREZ, SHFL, STA, WMS, WYNN.
EBITDA has increased significantly since new management took over in 2002 and is expected to double in the next two years, as PNK
is in the process of significantly increasing its operating platform, via greenfield development of three new properties.
Tickers featured: AGY, AZR, BEV, CNO, CRK, DANKY, GW, HCR, ITRI, MBG, MGG, MHR, OCAS, ONNN, PAX, PNK
, PRV, PTA, PTEN, TRA, UPL.
Tickers featured: AGAM, AGY, ALLY, ASCA, BYD, CHDN, HET, HWD, IGT, ISLE, MBG, MCRI, MGG, MIEC, MIKN, PDSG, PENN, PNK
, PPE, STN, WMS.