Stock Research and Analysis
by Jeremy CohenThe days of free and lavish spending may be a thing of the past for the U.S. consumer, but Pinnacle is still betting on domestic consumption by expanding its portfolio of casinos. With consumers reining in discretionary spending, we think Pinnacle's Read more 
Bulls Say
Pinnacle's two St. Louis casinos are likely to be the premier properties in the area. Lumiere Place opened in late 2007, and River City is slated for an early 2010 opening.
L'Auberge du Lac, completed in May 2005, is the top property in Louisiana, with new additions completed in January 2008. Read more
Bears Say
Although the relief worker population in New Orleans led to fantastic gaming revenue, this growth driver is not sustainable.
If the company fails to receive financing for future developments, it may become saddled with unproductive assets, like the one in Atlantic City.
Poor credit market conditions may cause the company to delay or cancel new development. If the company pursues these projects despite expensive financing, returns on capital will suffer. Read more
Strategy
Management is rapidly renovating properties while pursuing expansion opportunities. It would also like to further Pinnacle's national reach, especially in key markets like Las Vegas and Atlantic City. Read more
Management
Pinnacle's top management was shaken up in November 2009 as former chairman and CEO Daniel Lee resigned to pursue other interests. Lee had held his position since 2002 and leaves a void as the firm seeks to fill his positions. In the meantime board Read more
Profile
Pinnacle owns casino properties in Nevada, Louisiana, Missouri, Indiana, and several small international properties. It opened its first St. Louis casino in 2007 and has Read more
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