CHDN - Churchill Downs: Solid Performing Gaming Stock Eschews Scale For EBITDA Growth
2024-06-10 16:56:02 ET
Summary
- Churchill Downs Incorporated has grown earnings in a masterly blend of keeping margins high, buying and selling assets with the skills of a great investment manager.
- Its revenue will hit $3b this year, nowhere near sector leaders, but its stock remains an unsung solid performer producing strong earnings.
- The company is a blend of stable, capital allocation opportunist outlook combined with savvy every day skill sets in running tracks and casinos.
Above: Reversing a 60-year trend, CHDN's investments in reviving racing have contributed to thoroughbred racing's revival. ...
Churchill Downs: Solid Performing Gaming Stock Eschews Scale For EBITDA Growth