Caesars Digital<\/a> notched its first profitable quarter.<\/p>\nCaesars Long-Term Outlook Attractive<\/h2>\n For now, investors considering Caesars have to contend with the company’s large, though declining, debt burden and its ongoing battles against the specters of macroeconomic headwinds and increasing competition in some regional casino markets. On the other hand, the long-term outlook is arguably compelling.<\/p>\n
That includes free cash flow eventually meeting or exceeding expectations, potentially positioning the Harrah\u2019s operator to repurchase shares or explore accretive transactions.<\/strong><\/p>\n\u201cWhat will get more attention are some comments that CZR\u2019s CEO made in which he indicated that over the next couple of years, the company could be in a position to explore \u2018external opportunities,\u2019\u201d concludes Wieczynski. \u201cWhat do those comments mean? We aren\u2019t exactly sure, and we don\u2019t believe there is anything coming imminently. But we do believe those comments should be taken seriously, and believe it\u2019s a sign that CZR\u2019s FCF generation should be so strong in the out-years that it will allow them to not only delever and buy back shares, but also explore other \u2018material\u2019 options.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Caesars Entertainment (NASDAQ: CZR) didn\u2019t knock the cover off the ball Tuesday with its second-quarter results. But the stock remains a gaming favorite of sell-side analysts. In midday trading on Wednesday, shares of the Horseshoe operator are lower by more than 4%, joining the broader gaming equity complex to the downside. However, multiple analysts lifted […]<\/p>\n","protected":false},"author":46,"featured_media":172682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810,81886],"tags":[81903,81898,23],"acf":[],"yoast_head":"\n
Caesars Stock Supported By Management, Free Cash Flow View<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n