It operates through five segments: Northeast, South, West, Midwest, and Interactive. operates in the consumer cyclical sector, specifically in the resorts and casino industry, providing integrated entertainment, sports content, and casino gaming experiences in North America. The company has had a well-rounded rebound with revenues above pre-COVID levels, expansion into the digital markets, and over 1.5 Billion in cash, cash equivalents & securities on hand, accompanying its consistent cash flow positive business model.
This decline has prompted me to analyze the investment aspects behind the company (its instability). After dismissing Barstool Host Ben Mintz due to a racially offensive remark made during a live stream, PENN Entertainment ( NASDAQ: PENN) has hit a 52-week low of $23.16, a far cry from its COVID rally to prices over $130 a share.
