PlayAGS Stock Priced For An Unlikely Bankruptcy [Seeking Alpha]
PlayAGS, Inc. (AGS)
Last playags, inc. earnings: 3/4 04:12 pm
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US:NYSE Investor Relations:
investors.playags.com
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Source: Seeking Alpha
Summary Even by the standards of a gaming sector that has been hammered during the recent sell-off, AGS has taken an enormous hit. Below $2, the stock is pricing in a high risk of bankruptcy — which on its face makes sense given industry challenges and a leveraged balance sheet. But debt doesn't mature until 2024, AGS has enormous margins, and the gaming sector may bounce back quicker than investors believe. Returns are likely to be zero or 100%-plus — and the latter outcome seems far, far more likely. Slot machine manufacturer PlayAGS ( As steep as the decline has been, it's not notably out of line for the sector. While collapsing energy, cruise, and airline stocks have garnered the headlines, casino operators and suppliers have been crushed: one-month chart as of Friday's close The sector-wide sell-off makes more sense than it might appear. There are more than just short-term considerations at play. The entire sector is heavily leveraged. Valuations, particularly for regional operat
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AGS
Earnings
- 11/7/24 - Miss
AGS
Sec Filings
- 12/11/24 - Form 8-K
- 11/14/24 - Form SC
- 11/13/24 - Form SCHEDULE
- AGS's page on the SEC website