Gaming Company
—
position
long
EY
Thesis
The gaming company was trading at 7x EV/EBITDA with a leverage of 5x EBITDA, indicating it is a levered equity. The free cash flow yield on the equity was attractive, and the high-yield markets seemed comfortable with the leverage, making it an interesting investment opportunity.
Did it work?
Not analyzed yet — run analysis from the issue page.
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