CPHC - Canterbury Park Holding: Real Estate Monetization Adding Significant Cash To This Undervalued Stock
2024-02-18 02:08:23 ET
Summary
- Canterbury Park stock is trading at a significant discount relative to cash flow generated from casino operations including food & beverage.
- Real estate joint venture partnerships should begin to return meaningful profits in the form of Dividends.
- Proposed Sports Betting Legislation will grant company license to accept wagers at racetrack-attracting new revenue stream and customers.
Canterbury Park Holding Corporation ( CPHC ) has begun monetizing the valuable real estate surrounding their race track & casino with significant land sales and equity investments in related partnerships. The stock price is at $21.52 per share which reveals a current market cap of $105 million. Investors can purchase this business for approximately $1 per share considering the sum of cash, real estate equity investments & receivable notes and land imbedded within the stock price....
Canterbury Park Holding: Real Estate Monetization Adding Significant Cash To This Undervalued Stock