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Monarch Casino & Resort, Inc. (MCRI): A Bull Case Theory 

We came across a bullish thesis on Monarch Casino & Resort, Inc. on FluentInQuality’s Substack. In this article, we will summarize the bulls’ thesis on MCRI. Monarch Casino & Resort, Inc.'s share was trading at $91.99 as of January 13th. MCRI’s trailing and forward P/E were 21.05 and 15.41 respectively according to Yahoo Finance.

Monarch Casino & Resort, Inc. (MCRI) operates two destination properties — Atlantis Casino Resort Spa in Reno and Monarch Casino Resort Spa in Black Hawk near Denver — centered around a “play, stay, and service” model. The company blends...