Caesars Entertainment (NASDAQ:CZR) has had a remarkable turnaround on the stock market, climbing 178% over the last three years and 432% over the past year after plunging at the beginning of the pandemic. Investors are betting on a recovery in consumer discretionary stocks, U.S. gambling, and continued growth in online gambling.
What may be getting lost in the mix is that Caesar isn’t profitable and may not be for a while. Here’s where the company, and the stock, might be five years from now.
Image source: Getty Images.
A Las Vegas recovery
You can see below that Caesars’ revenue has grown as it’s integrated acquisitions, like the merger with Eldorado Resorts in 2020. But losses exploded last year as the pandemic took its toll on …
Read the full article at: https://www.fool.com/investing/2021/04/13/where-will-caesars-be-in-5-years/