Pinnacle Stands Tall
I first looked at Pinnacle Entertainment (PNK) at about $9.50 in December after insiders bought Pinnacle's shares heavily in the fall of last year. The stock spiked up $2 within two months, but is now back down at my entry price. Still, that's better than many stocks have fared during this tough spring for equities, and after analyzing first-quarter results I believe Pinnacle remains a good bet for delivering solid gains by year-end.
Pinnacle Entertainment operates eight casinos and a racetrack in relatively small gaming venues in the U.S. outside of Las Vegas and Atlantic City. The company has a strong presence along the Gulf Coast, and it recently took an interest in a casino in Vietnam....455 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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