PENN Entertainment: Sell Off Creates Income Opportunity
PENN(PENN) Seeking Alpha·2024-02-27 06:16EricVega A couple of weeks ago, PENN Entertainment (NASDAQ:PENN) reported fourth quarter earnings that disappointed investors. The gaming and entertainment company saw its shares fall in response, and the selloff intensified last week to new 52-week lows. Based on the company's recent financials along with projections for the next two years, I believe there is a good opportunity to enter a long position in Penn by selling $15 put options. PENN Entertainment's full year 2023 earnings were disappointing. The ...