Regional Gaming Companies
Thesis
Ray Kennedy indicates that regional gaming companies are more resilient compared to Las Vegas casinos, which may take longer to recover post-pandemic. He believes that people will continue to gamble in both good and bad times, making regional gamers a more stable investment.
Did it work?
The thesis is a qualitative argument that regional gaming stocks should outperform Las Vegas-focused casinos in the post-pandemic recovery, but no price performance is provided and the time elapsed is unknown, so there is no way to verify whether regional gamers actually outperformed. The thesis also lacks a stated catalyst or measurable target that could be independently confirmed. Without either price data or evidence that the predicted recovery dynamic played out, the verdict cannot be determined.