Overlooked Alpha

Overlooked Alpha

Full House Resorts Could Offer 100% Upside

The FLL story is only starting to play out. Success for the business should mean huge upside for the stock

Overlooked Alpha
May 14, 2023
∙ Paid

⚡ Highlights:

  • Full House Resorts has executed an impressive turnaround, leveraging a substandard portfolio to develop not one but two attractive opportunities.

  • Casino openings this year should drive impressive growth, and the performance of similar properties suggests the stock is fundamentally undervalued.

  • The risks are real, but threats of competition and the cycle look potentially overblown. There’s a strong case for 100%-plus returns over three years.

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