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Posted by
Two Blokes Jul 17 -
Filed in
Stock
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5 views
Golden Entertainment's deleveraging and strong cash flow support robust buybacks and dividends, offering at least 7% annual shareholder returns even in conservative scenarios. Despite a downgrade from Truist Securities citing Strat weakness and muted M&A prospects, I maintain my $32 price target and 'Buy' rating, seeing the downgrade as an opportunity. Q2 headwinds are real but manageable; room occupancy and slot performance show resilience, and FCF coverage for dividends and buybacks remains solid under all scenarios.
