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TRWH - Twin River Worldwide Holdings Inc.: A Bottom-Fishing Casino Buyer Betting On Low-Cost Entry In Mature Markets
Twin River Worldwide Holdings Inc.
“The buyer is entitled to a bargain. The seller is entitled to a profit. So there is a fine margin in between where the price is right. I have found this to be true to this day whether dealing in paper hats, winter underwear or hotels…"
- Conrad Hilton
A year or so from now, the bottom-fishing strategy of Twin River Worldwide Holdings Inc. (TRWH) will either draw kudos or a chorus of boos from investors. There is a case to be made for both as we review the spate of deals made in 2019