Personal Investment Chatter

Thoughts on buying Eldorado Resorts stock?

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Before you buy, research the Caesars (CZR) deal, including the $2M+ daily fee that ERI has to pay to CZR until the deal closes. I personally believe that ERI started to tank before COVID because of the CZR deal.

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Unless it goes BK.

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MGM is better, has the cash to get through this tumultuous time. I believe El Dorado recently agreed to buy Caesar’s for $18B and that valuation was before the virus so wouldn’t want to be them

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No I don’t think they will go bankrupt, but safer play is MGM

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