PDYPF - Bally's: Bargain Bin Cast-Offs Could Make A Growth Story But Also An Exit Strategy For Its Hedge Fund Owners
- Bally's is a collection of casino properties that do okay, just okay, but the secret sauce is that most of its casinos have been acquired cheap.
- The company will move along steady as she goes, make no waves, but its major owner is a hedge fund specializing in buying, rebuilding and selling off distressed assets.
- Operating management is comprised of solid gaming pros. That's a plus.
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Bally's: Bargain Bin Cast-Offs Could Make A Growth Story, But Also An Exit Strategy For Its Hedge Fund Owners