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Ameristar Casinos, Inc. (ASCA) [hlAlert]

Rating:
Sell ASCA
up 33.51 %

Ameristar Casinos, Inc. (ASCA) downgraded to Sell with price target $16 by Morgan Joseph

Posted on: Tuesday,  Mar 25, 2008  8:25 AM ET by Morgan Joseph

Morgan Joseph rated Sell Ameristar Casinos, Inc. (NASDAQ: ASCA) on 03/25/2008, when the stock price was $20.08. Since then, Ameristar Casinos,
Inc. has lost 25.10% of its value until Morgan Joseph rated ASCA Hold on 06/25/2008, when the price was $15.04.
If you would have followed this Morgan Joseph's recommendation on ASCA, you would have gained 33.51% of your investment in 92 days.

Ameristar Casinos, Inc. is a leading Las Vegas-based gaming and entertainment company known for its premier properties characterized by innovative architecture, state-of-the-art casino floors and superior dining, lodging and entertainment offerings. Ameristar's focus on the total entertainment experience and the highest quality guest service has earned it a leading market share position in each of the markets in which it operates. Founded in 1954 in Jackpot, Nevada, Ameristar has been a public company since November 1993. The company has a portfolio of seven casinos in six markets: Ameristar St. Charles; Ameristar Kansas City; Ameristar Council Bluffs; Ameristar Vicksburg; Ameristar Black Hawk; and Cactus Petes and the Horseshu in Jackpot, Nevada.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/20/2011 9:25 AM Buy
None
19.46 25.00
as of 12/24/2008
1 Week up  12.07 %
1 Month up  23.50 %
3 Months up  83.89 %
1 YTD up  83.68 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/25/2008 8:25 AM Hold
None
15.04
3/25/2008 8:25 AM Sell
None
20.08 16.00
1/15/2008 8:25 AM Buy
None
22.08 27.00

(*) Stock Price at the time of the recommendation.
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