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Stock impact report

Buying PENN Stock Is Like Betting on an Inside Straight [Yahoo! Finance News]

PENN Entertainment, Inc. (PENN) 
Last penn entertainment, inc. earnings: 2/6 07:00 am Check Earnings Report
Penn National GamingPENNSource: Jeffrey J Coleman / Shutterstock.comInvestors are obviously encouraged by the fact that Penn National, and other casinos, will receive a lifeline from the federal government. But a recent Macquarie Research report showed that Penn isburning through cashPrior to the coronavirus pandemic, PENN was building a nice poker hand. They had an “asset light” infrastructure that was allowing the company to collect rent on many of its various properties. And a new agreement with Barstool was giving the company an important foothold in the lucrative sports betting industry.InvestorPlace - Stock Market , Stock Advice & Trading TipsBut investing in casino stocks is always a gamble no pun intended). When the economy is booming, these stocks can move higher than the market. But when the economy is in a downturn, casino stocks usually drop more than the broader market.Right now, PENN stock is like the poker player who needs one card to fill an inside straight. But unfor Show less Read more
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