Matthew Rafat submits: Jake Fuller of Thomas Weisel Partners agrees with me on choosing Pinnacle Entertainment (PNK) over the Vegas casinos. See CNBC's article entitled "Casino Stocks: Don't Bet On the Biggies." Of course, I made the same call weeks ago, only to see Pinnacle Entertainment become a victim of the overall market decline. PNK is Pinnacle Entertainment Inc. Although their HQ is in Las Vegas, they don't own casinos there. The six casinos they own are in Louisiana, Indiana, Missouri and Reno, NV; in addition, they operate casinos in the Bahamas and Argentina. This is a fairly small company--its market cap is still under 1 billion. So why choose this stock over WYNN, LVS, or MGM? Complete Story » ...
Anytime
