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Ameristar Casinos, Inc. (ASCA) [hlAlert]

Rating:
Buy ASCA
up 36.17 %

Ameristar Casinos, Inc. (ASCA) upgraded to Buy with price target $25 by Morgan Joseph

Posted on: Wednesday,  Apr 20, 2011  9:25 AM ET by Morgan Joseph

Morgan Joseph rated Buy Ameristar Casinos, Inc. (NASDAQ: ASCA) on 04/20/2011, when the stock price was $19.46. Since
then, Ameristar Casinos, Inc. has gained 36.18% as of 08/13/2013's recent price of $26.50.
If you would have followed this Morgan Joseph's recommendation on ASCA, you would have gained 36.17% of your investment in 846 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 12/30/2011
1 Week down  -5.00 %
1 Month down  -1.20 %
3 Months up  7.72 %
1 YTD down  -11.15 %
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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