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Posted by
Two Blokes Apr 16 -
Filed in
Stock
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1 view
Golden Entertainment's stock has remained undervalued for so long relative to the underlying value of its real estate assets. As a result, management is actively exploring strategic options such as share buybacks, real estate monetization, and a potential OpCo/PropCo structure to unlock value for shareholders. However, the current business lacks a competitive moat, as evidenced by the continuous decline in EBITDA margins since 2021 despite rising visitor volumes in Nevada.
