As previously reported, Craig-Hallum initiated coverage of Century Casinos (CNTY) with a Buy rating and $8 price target The firm believes Century Casinos is an underappreciated small-cap stock at a dynamic inflection point in its business and fundamentals. Craig-Hallum thinks the company will re-inflect from cash burn to $1/share of sustainable free cash flow by mid-2025. Moreover, Century Casinos is near a sale of its Poland casinos and management plans to return its excess cash to shareholders starting in 2025. The firm believes this stock could double or possibly triple in the next year.
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