Monday, June 11, 2012

GuocoLeisure

GuocoLeisure: DMG says the co is poised to benefit from the London Olympics, noting its assets include hotel operations with 37 hotels and Clermont Leisure, a casino targeting high rollers. Notes the Olympics season has resulted in strong trading in London, with year-to-date RevPAR up 7.0% on a combination of higher rates and increased occupancies. GuocoLeisures 5,000-plus London hotel rooms put it in a prime position to benefit from event-inspired room demand. Adds, the stock is attractively valued, with a 50% discount to its estimated $1.10/share RNAV offering a favorable risk-reward. The stock is up 1.8% at $0.57.

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