10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Baron Funds Comments on Pinnacle Entertainment Inc.

August 05, 2013 | About:
Holly LaFon

Holly LaFon

277 followers
We increased our position in Pinnacle Entertainment, Inc. (PNK) in the quarter, as we remain excited by the company's prospective closing of its Ameristar acquisition. We believe the company will do what is necessary to receive FTC approval and close this transaction. We think the combined company should generate significant revenue and cost synergies that we think are not currently reflected in its stock price. These synergies combined with the company's current expansion projects of its own should generate significant cash flow growth in the years ahead. Management has indicated it will use this cash to quickly pay down debt and add significant value for shareholders. (David Baron)

From Baron Funds’ second quarter 2013 commentary.


Rating: 3.0/5 (3 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK