Penn National Gaming Has Gone Up 20%; Should You Invest?

SourceForbes
SectorFinancial Markets
CountryGCC

Cars are parked outside the Paddock Club at the Penn National Race Course in Grantville, ... [+] Pennsylvania, Friday, June, 15, 2007. Penn National Gaming Inc., the owner of 18 casinos and horse racing tracks, agreed to be acquired by buyout firms Fortress Investment Group LLC and Centerbridge Partners LP for $6.1 billion. Photographer: Bradley C. Bower/Bloomberg News. BLOOMBERG NEWS Here is an interesting development - Penn National Gaming stock (NASDAQ: PENN) has jumped nearly 20% in the last 5 trading days, while the broader market has barely moved. So what is Penn doing right? Its acquisition of a 36% stake in Barstool earlier this year has been a key driver of its stock. Last week was no different with another bullish analyst overage ...read more...