2024-03-17 02:00:39 ET
Summary
- Caesars stock has underperformed the market despite strong business performance in Vegas, regional markets, and digital business.
- Projection of $5.50-8.20 in free cash flow per share by 2025, suggesting a significant upside in Caesars shares.
- Limited downside in Caesars stock due to its strong cash flow generation, deleveraging, and real estate portfolio.
Caesars ( CZR ) shares have significantly underperformed the broader market since my July article with Caesars stock price down nearly 20% while the S&P 500 ( SPY ) is up nearly 17%. Given the magnitude of the underperformance, one might expect that Caesars has experienced some sort of business headwinds. However, this is not the case as Caesars continues to generate excellent results - Vegas is producing record results, the regional business remains resilient, and the digital business has inflected to profitability....
Read the full article on Seeking Alpha
For further details see:
Caesars: Asymmetric Proposition At $39 Per Share (Rating Upgrade)