Comments for ASCA - Stockpickr! Your Source for Stock Ideas

Comments for ASCA

Added By	Comments	Type	Date Added
barrons3	Neutral - Price 7.61 on Nov. 11 by JPMorgan ASCA's 3Q08 GAAP earnings per share were 25 cents...we calculate recurring EPS of 34 cents, 5 cents better than our 29-cent estimate and 7 cents better than the Street's 27-cent estimate....Our 2009 EPS goes to $1.11, from 91 cents...We remain cautious about ongoing competitive pressures...We believe downside is limited at current levels; ASCA trades at 6.4 times 2009 estimated enterprise value/earnings before interest, taxes, depreciation and amortization and 5.5 times 2010E EV/Ebitda...versus historic 7.3 times. Market cap: $440 million.	Love	November 15, 2008
barrons2	Underweight - Price 17.45 on June 3 by JPMorgan Our rating reflects caution on ASCA's 1) ongoing competitive pressures...notably on: Ameristar East Chicago, Ind., [near] Harrah's Hammond property; 2) our expectations of continued soft gaming spending in most markets; 3) premium [enterprise value/earnings before interest, taxes, depreciation and amortization] valuation compared with historical average; 4) a lack of identifiable near-term positive catalysts; and 5) below-historical [returns on invested capital]. As such, over the next six to 12 months we expect ASCA to underperform our coverage universe; 52-week high/low: 38/15.29. Market cap: $1 billion.	Love	June 07, 2008
High Dividends	11.9	Love	May 04, 2008
NESTORLU	SMAREAL	Love	October 12, 2007
AlexS45	Ameristar Casino Las vegas	Love	April 22, 2007
nobutt56	own	Love	April 02, 2007
pasta9224	wanted casino	Love	March 26, 2007
Pam	engages in the development, ownership, and operation of casinos and related entertainment facilities in the United States. It offers various dining, lodging, and entertainment options. The company also offers various table games, including blackjack, craps and roulette, and live poker. Its signature restaurant concepts include steakhouses, and elaborate buffets with display cooking and 24-hour casual dining restaurants. In addition, the company’s dynamic sports bars feature the audio-visual technology in their markets. As of December 31, 2005, it operated seven properties in Missouri, Iowa, Mississippi, Louisiana, Colorado, and Nevada. The company’s portfolio of casinos comprises Ameristar St. Charles in greater St. Louis, Missouri; Ameristar Kansas City in the Kansas City, Missouri metropolitan area; Ameristar Council Bluffs in Omaha, Nebraska and southwestern Iowa; Ameristar Vicksburg in Jackson, Mississippi and Monroe, Louisiana; Mountain High in Black Hawk, Colorado; and Cactus Petes and The Horseshu in Jackpot, Nevada. Ameristar Casinos was founded in 1954 and is based in Las Vegas, Nevada.	Love	December 24, 2006