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Ameristar Casinos, Inc. (ASCA) [hlAlert]

up 43.94 %

Ameristar Casinos, Inc. (ASCA) upgraded to Accumulate with price target $20 by SMH Capital

Posted on: Thursday,  Aug 6, 2009  8:25 AM ET by SMH Capital

SMH Capital rated Accumulate Ameristar Casinos, Inc. (NASDAQ: ASCA) on 08/06/2009, when the stock price was $18.41. Since
then, Ameristar Casinos, Inc. has gained 43.94% as of 08/13/2013's recent price of $26.50.
If you would have followed this SMH Capital's recommendation on ASCA, you would have gained 43.94% of your investment in 1468 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.

Sanders Morris Harris has built a unique, niche-oriented research effort that's attuned to the Southwest, yet takes a broad, global perspective. Our analysts cover some 100 companies in six broad sectors, including business services; energy; entertainment & media; financial services; and technology. Whatever the geographical focus, our research approach is fundamental and no-nonsense. We look at industries in a bottom-up way, and get to know company managements in depth, to understand their growth philosophy and their views of how their company fits within their group. And we provide straightforward, timely advice to both institutional and private clients based on that research. Unlike many Wall Street firms, which have developed arcane "recommendation matrixes," we have three simple categories of investment advice: buy, sell and hold. And we transmit our recommendations in timely, useful form. Our on-line Research Library gives clients access to the full range of company reports and bulletins generated by our analytical staff. Above all, of course, the success of SMH's research effort rests on its gifted team of analysts - a purposeful blend of experienced research pros and young, creative individuals, all of whom have honed their financial skills within the target industry or with major accounting firms. The combination works. Three of our analysts have appeared on the Wall Street Journal roster of All-Star Analysts or on the Institutional Investor's All-Star Research Team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/6/2009 8:25 AM Buy
18.41 20.00
as of 12/31/2009
1 Week down  -4.77 %
1 Month down  -11.68 %
3 Months down  -2.72 %
1 YTD down  -7.89 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/1/2009 8:25 AM Hold
20.52 20.00
4/6/2009 8:25 AM Hold
13.32 14.50
3/17/2009 8:25 AM Buy
12.25 14.50
12/19/2008 9:25 AM Hold
9.35 10.00
11/24/2008 9:25 AM Buy
5.45 7.50

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