VICI Properties Stock: A Bargain In The REIT Market (NYSE:VICI)

Core Insights - VICI Properties has underperformed since being rated a Buy in early July, attributed to the booming economy in Las Vegas [1] - The focus is on analyzing undervalued companies with strong fundamentals and cash flows, particularly in sectors like Oil & Gas and consumer goods [1] - The company has a long-term value investing approach but also engages in deal arbitrage opportunities [1] Company Analysis - VICI Properties is highlighted as a laggard despite the positive economic backdrop in Las Vegas [1] - The investment strategy emphasizes identifying companies that are undervalued or disliked for unjustified reasons, aiming for substantial returns [1] - Energy Transfer is mentioned as a company that was previously overlooked but is now considered a strong investment [1] Investment Philosophy - The investment approach prioritizes long-term value while occasionally exploring short-term deal arbitrage [1] - There is a clear preference for businesses that are easily understandable, avoiding high-tech and certain consumer goods sectors [1] - The company expresses skepticism towards investments in cryptocurrencies [1]