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 yet analyzed
No outcome has been scored for this pitch yet, so there's no verdict to show.