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05-19-2020, 01:52 PM
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#1
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Registered User
Join Date: Dec 2009
Posts: 3,208
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CNTY - What are the odds it reaches $10?
I'm a bit new to stocks. Anyways, I own 100 shares of Century Casinos (CNTY) at $3.92. They operate the great Mountaineer Racetrack and Casino under lease from Vici Properties. Also, they own Century Mile.
Besides casino racetracks, they own other casinos in Colorado, Missouri, Canada and eight casinos in Poland (which I heard all just opened over there).
What are the odds the price can reach $10?
Last edited by letswastemoney; 05-19-2020 at 01:54 PM.
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05-19-2020, 04:21 PM
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#2
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Registered User
Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
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Quote:
Originally Posted by letswastemoney
I'm a bit new to stocks. Anyways, I own 100 shares of Century Casinos (CNTY) at $3.92. They operate the great Mountaineer Racetrack and Casino under lease from Vici Properties. Also, they own Century Mile.
Besides casino racetracks, they own other casinos in Colorado, Missouri, Canada and eight casinos in Poland (which I heard all just opened over there).
What are the odds the price can reach $10?
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In the next year, I'd say 50/1 against.
Is there some reason for possible optimism?
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05-19-2020, 06:42 PM
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#3
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Beat up 💪
Join Date: Jun 2002
Location: Beach life in Fort Lauderdale
Posts: 11,938
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Quote:
Originally Posted by Valuist
In the next year, I'd say 50/1 against.
Is there some reason for possible optimism?
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Some today
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05-19-2020, 08:59 PM
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#4
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by letswastemoney
I'm a bit new to stocks. Anyways, I own 100 shares of Century Casinos (CNTY) at $3.92. They operate the great Mountaineer Racetrack and Casino under lease from Vici Properties. Also, they own Century Mile.
Besides casino racetracks, they own other casinos in Colorado, Missouri, Canada and eight casinos in Poland (which I heard all just opened over there).
What are the odds the price can reach $10?
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Okay, short term, I see target of 5.65, with resistance in the 6's. After that, 9.66 is a bullish target, BUT here's a kicker. They have monstrous insider transactions showing a favorable 266%. So I'd say your 10.00 target has a 60/40 chance.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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05-20-2020, 12:53 AM
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#5
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Registered User
Join Date: Dec 2009
Posts: 3,208
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Quote:
Originally Posted by Valuist
In the next year, I'd say 50/1 against.
Is there some reason for possible optimism?
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They traded in the mid $9 range last year. With Mountaineer starting up again this summer and their casino properties opening up as well, I just don't think it's possible they stay at $4.
Last edited by letswastemoney; 05-20-2020 at 12:54 AM.
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05-21-2020, 03:14 PM
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#6
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by letswastemoney
I'm a bit new to stocks. Anyways, I own 100 shares of Century Casinos (CNTY) at $3.92. They operate the great Mountaineer Racetrack and Casino under lease from Vici Properties. Also, they own Century Mile.
Besides casino racetracks, they own other casinos in Colorado, Missouri, Canada and eight casinos in Poland (which I heard all just opened over there).
What are the odds the price can reach $10?
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Up a whopping 21% today. We need more of your participation on this topic. Casinos/racetracks all doing pretty well. Penn up 7% today also, and almost 70% in a little over a week.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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