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PENN Entertainment, Inc. (PENN): A Bull Case Theory

We came across a bullish thesis on PENN Entertainment, Inc. (PENN) on Value Investing Subreddit by nymbaseball29. In this article, we will summarize the bulls’ thesis on PENN. PENN Entertainment, Inc. (PENN)'s share was trading at $16.48 as of 9th June. PENN’s trailing and forward P/E were 77.43 and 55.87 respectively according to Yahoo Finance.

PENN Entertainment has long been viewed as a traditional regional casino operator with an uneven history in digital media. Its acquisition of Barstool Sports failed to generate the expected loyalty-driven customer conversion, resulting in...