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72	member 9/19/18 2:47PM Why is this so cheap?
Anyone following GLPI? Company has said to expect an 8-10% dividend increase in 2019 (due to the PENN/PNK merger and the TPCA deal). That's an 8% forward cash yield. Dividend is covered (1.1-1.2x); rents are... login to read the rest view available tags
71	member 6/23/17 5:59PM Re: hmm -- a deal coming? 70
Tropicana Ent if they are paying attention view available tags
70	member 6/23/17 4:34PM hmm -- a deal coming?
First we see nice insider buying a few days ago with stock at its highs. Now its hitting new highs again on 4x the volume...something is going on...any thoughts? view available tags
47	member 9/15/14 9:47AM RE: RE: RE: Anyone? 46
cnm3d, I have my doubts. As you mentioned - they arent interested in leaseback deals. One impediment is that the CZR properties are only as good as the customer database they are linked to. The same day... login to read the rest view available tags
44	member 9/12/14 5:19PM Anyone?
Anyone have any views here now that we're at $31 again? This is looking like a perfect entry point with the REIT selloff, lack of newsflow on Meadows, lack of deals, etc. 1 view available tags
41	member 6/30/14 3:56PM RE: RE: ISLE Rumor 40
ha! good point Cuyler! view available tags
35	member 6/17/14 11:25PM RE: RE: Stock performance lately 34
What makes you confident that they have a lot of transaction potential? Comments from management at NAREIT didn't seem to suggest that. 1 view available tags
32	member 5/19/14 6:01PM RE: RE: Theories on why stock so weak? 31
Thanks. All reasonable/logical points. view available tags
31	member 5/19/14 4:04PM RE: Theories on why stock so weak? 30
Traditional REIT investors are still largely not buying the strategy, they seem to be playing a more "wait and see" approach. This latest deal doesn't clearly solve the issue of single-tenant risk as PENN is... login to read the rest view available tags
30	member 5/19/14 12:35PM Theories on why stock so weak?
I think we are probably all kind of surprised the stock is down after doing an accretive deal, even if it isn't the sexiest deal or a really cheap deal. I thought the bear case... login to read the rest view available tags
26	member 4/30/14 2:41PM RE: RE: RE: RE: RE: RE: Cosmo 24
Mojoris - thanks for your response. I understand the math and I understand the qualitative and proof of concept motivations to acquire a trophy asset. My problem is that the assumption of 10x price paid... login to read the rest view available tags
25	member 4/23/14 3:36PM RE: RE: RE: RE: RE: RE: Cosmo 24
You're base case estimate for AFFO is on the agressive side, I assume you are including some assumption for additional income from acquisitions (as those at the high end of the street consensus are doing).... login to read the rest view available tags
23	member 4/22/14 6:10PM RE: RE: RE: RE: Cosmo no go 21
Interesting point about what REIT investors want. I do know that on office and mall REIT calls, they love to talk about their trophies. Luckily, I trust Carlino enough to not worry about him doing view available tags
22	member 4/22/14 3:53PM RE: RE: RE: RE: Cosmo 20
Yes but we may be past mid-cycle in Vegas now. And more competition is coming. And these properties require a lot of capex. Say you could cut 60% of O/H and it's really at $136... login to read the rest view available tags
19	member 4/22/14 3:09PM RE: RE: Cosmo no go 18
Sorry - totally correct - I stand corrected. But you get my point. $1.5 bn would probably be fair value on a 160-170 mm EBITDA rate, almost 2x where they are now. We are probably... login to read the rest view available tags
17	member 4/21/14 6:46PM Cosmo no go
If Carlino passed on an 80% built casino for <$200 mm (Fountainbleau), I doubt any part of $1.5 bn on a property with negative EBITDA is in the cards for them. And that's just as... login to read the rest view available tags
16	member 4/21/14 4:15PM RE: RE: RE: RE: Last Try for GLPI Charts/Graphs 15
Any update on re-posting the charts/graphs? Dropbox link? view available tags
5	member 4/21/14 9:02AM RE: M&A Opps & Leverage 4
I'm also getting errors instead of tables/graphs view available tags
4	member 4/20/14 11:33PM M&A Opps & Leverage
In your model, what is the breakdown of debt/equity utilized by GLPI is prespective M&A transactions? They are already north of 6x in terms of their leverage ratio, which implies that each incremental deal will... login to read the rest view available tags
2	member 4/18/14 9:04PM Figures/pictures/tables aren't showing up
All I see are red X's in Internet Explorer, at least on my laptop. - aagold view available tags
1	member 4/17/14 4:06PM regional gaming
The downside here seems predicated on regional gaming revenues. It sounds like you think we are at a trough. Why? (This is not an attempt to undermine your thesis, but its something I've been grappling with in... login to read the rest view available tags

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			2014	2015
Price:	36.00	EPS	NM	$2.65
Shares Out. (in M):	115	P/E	0.0x	0.0x
Market Cap (in $M):	4,100	P/FCF	0.0x	0.0x
Net Debt (in $M):	2,500	EBIT	0	405
TEV (in $M):	6,600	TEV/EBIT	0.0x	0.0x

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