Tropicana Entertainment
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position
long
DG Capital Management
Thesis
In 2018, DG Capital Management held post-reorg equity in Tropicana, which was trading at a significant discount to peers despite generating great cash flow and having almost no net debt. The company was seen as a prime asset for acquisition due to its strong management and improving financials.
Did it work?
Not yet analyzed
No outcome has been scored for this pitch yet, so there's no verdict to show.