Monarch Casino & Resort, Inc.’s (NASDAQ:MCRI) Share Price Not Quite Adding Up
It’s not a stretch to say that Monarch Casino & Resort, Inc.’s (NASDAQ:MCRI) price-to-earnings (or “P/E”) ratio of 17.4x right now seems quite “middle-of-the-road” compared to the market in the United States, where the median P/E ratio is around 19x. Although, it’s not wise to simply ignore the P/E without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
There hasn’t been much to differentiate Monarch Casino & Resort’s and the market’s earnings growth lately. It seems that many are expecting the mediocre earnings performance to persist, which has held the P/E back. If you like the company, you’d be hoping this can at least be maintained so that you could pick up some stock while it’s not…
