Ballys Story

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BALY -- USA Stock  

USD 47.50  1.50  3.26%

Ballys Corp Share Based Compensation is fairly stable at the moment as compared to the past year. Ballys Corp reported Share Based Compensation of 3.83 Million in 2019. Consolidated Income is likely to rise to about 62.8 M in 2020, whereas Free Cash Flow is likely to drop slightly above 53 M in 2020. Today's article will break down Ballys Corp. We will check if it is still possible for Ballys Corp to minimize net losses this year. Here I will also expose some primary fundamental factors affecting Ballys Corp's services, and outline how it will impact the outlook for investors this year.
Published few days ago
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What are the odds of Ballys Corp to slide in December?
Ballys Corp reported the previous year's revenue of 385.12 M. Net Loss for the year was (12.36 M) with profit before overhead, payroll, taxes, and interest of 346.73 M.

How important is Ballys Corp's Liquidity

Ballys Corp financial leverage refers to using borrowed capital as a funding source to finance Ballys Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Ballys Corp financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Ballys Corp's total debt and its cash.

How Ballys utilizes its cash?

To perform a cash flow analysis of Ballys Corp, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Ballys Corp is receiving and how much cash it distributes out in a given period. The Ballys Corp cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Ballys Corp Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. Ballys Corp reported Net Cash Flow from Operations of 94.1 Million in 2019

What did Ballys Corp file with SEC?

The SEC filings are financial statements or other formal documents of Ballys Corp that are regularly submitted to the U.S. Securities and Exchange Commission (SEC). Public companies, certain insiders, and broker-dealers are required to make SEC filings and fintech professionals rely on these filings for information about companies they are evaluating for investment purposes. Please note, most SEC filings are available online through the SEC's EDGAR database. Please check here for more information.
Please note, although all public domestic companies are required to submit their filings via EDGAR, not all public companies are available through our service. Also, keep in mind that the actual annual reports to Ballys shareholders may or may not be submitted as SEC does not always require it.
Unclassified Corporate Event
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Financial Statements and Exhibits. Regulation FD Disclosure. Unregistered Sales of Equity Securities. Entry into a Material Definitive Agreement
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Entry into a Material Definitive Agreement
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Regulation FD Disclosure. Entry into a Material Definitive Agreement
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Please note, although all public domestic companies are required to submit their filings via EDGAR, not all public companies are available through our service. Also, keep in mind that the actual annual reports to Ballys shareholders may or may not be submitted as SEC does not always require it.

Ballys Corp exotic insider transaction detected

Legal trades by Ballys Corp insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Ballys insider trading alert for general transaction of common stock by Rollins Jeffrey W, the corporate stakeholder, on 17th of November 2020. This event was filed by Ballys Corp with SEC on 2020-11-17. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Details

Ballys Corp holds a total of thirty million four hundred eighty thousand outstanding shares. The majority of Ballys Corp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Ballys Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Ballys Corp. Please pay attention to any change in the institutional holdings of Ballys Corp as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Breakdown

Retail Investors
6.61%
Institutions
89.49%
Retail Investors6.61
Insiders3.9
Institutions89.49

Ballys may start a relapse in December

The treynor ratio is down to -44.73 as of today. Ballys Corp is displaying above-average volatility over the selected time horizon. Investors should scrutinize Ballys Corp independently to ensure intended market timing strategies are aligned with expectations about Ballys Corp volatility.

The Bottom Line

While other entities within the resorts & casinos industry are still a little expensive, even after the recent corrections, Ballys Corp may offer a potential longer-term growth to investors. On the whole, as of the 21st of November 2020, our latest 30 days recommendation on the company is Buy. However, we believe Ballys Corp is currently overvalued with low chance of distress for the next two years.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Ballys Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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