Merriman Curhan Ford Initiates Coverage of Gaming Sector With Veteran Gaming and Leisure Research Analyst
SAN FRANCISCO, Aug. 10 /PRNewswire-FirstCall/ -- Merriman Curhan Ford Group, Inc. (Nasdaq: MERR) today announced that it has initiated coverage of the gaming and leisure sector under equity research analyst Adam Steinberg.
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Steinberg's research includes company coverage of Full House Resorts (FLL) and Pinnacle Entertainment (PNK) with Buy ratings; Isle of Capri (ISLE), Monarch Casino (MCRI) and Penn National Gaming (PENN) with Neutral ratings; Ameristar Casinos (ASCA) and Boyd Gaming (BYD) with Sell ratings.
- Full House Resorts (NYSE Amex: FLL $3.15; Buy)
- Pinnacle Entertainment (NYSE: PNK $14.57; Buy)
- Isle of Capri (Nasdaq: ISLE $8.95; Neutral)
- Monarch Casino (Nasdaq: MCRI $10.94; Neutral)
- Penn National Gaming (Nasdaq: PENN $28.93; Neutral)
- Ameristar Casinos (Nasdaq: ASCA $15.08; Sell)
- Boyd Gaming (NYSE: BYD $8.71; Sell)
Steinberg, managing director, brings to Merriman Curhan Ford more than 15 years experience in the gaming and leisure industry. Prior to joining Merriman, Steinberg was a director and head of gaming and leisure in Morgan Joseph's investment banking group. He began his tenure at Morgan Joseph in equity research specializing in gaming and leisure companies. Prior to Morgan Joseph, Steinberg was director of business evaluation at GTECH Corp., where he worked on new lottery and gaming business opportunities in North America and internationally, as well as created a detailed, analytical sizing model of the North American gaming market, which included identifying and projecting new jurisdiction opportunities. Steinberg has also held equity research positions at CIBC World Markets and Bear, Stearns & Co. He has been a member of equity research teams that have been recognized for stock-picking accuracy in The Wall Street Journal and Institutional Investor. Steinberg holds a bachelor's degree in accounting from Florida State University and an M.B.A. with a concentration in finance from Cornell University. He is a CFA charterholder and based in Merriman's New York office.
"We are pleased to have Adam onboard to help us re-establish first-rate equity research on the gaming and leisure industry," said Eric Wold, Merriman's director of equity research. "His research focus specifically complements our existing consumer and media research, where we have successfully differentiated ourselves to institutional investors by highlighting undiscovered, fast-growing companies. I welcome Adam to the team."
About Merriman Curhan Ford
Merriman Curhan Ford (NASDAQ: MERR) is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services, and specializes in three growth industry sectors: CleanTech, Consumer, Media & Internet and Technology. For more information, please go to www.mcfco.com.
Important Disclosures
This research has been prepared by Merriman Curhan Ford & Co. ("MCF & Co."), a wholly owned subsidiary of Merriman Curhan Ford Group, Inc. Some companies Merriman Curhan Ford & Co. follows are emerging growth companies whose securities typically involve a higher degree of risk and more volatility than the securities of more established companies.
The securities discussed in MCF & Co. research reports may be unsuitable for some investors depending on their specific investment objectives, financial status, risk profile, or particular needs. Investors should consider this report as only a single factor in making their investment decisions and should not rely solely on this report in evaluating whether or not to buy or sell the securities of the subject company.
Regulation Analyst Certification ("Reg. AC")
All of the views expressed in this research report accurately reflect the research analyst's personal views about any and all of the subject securities or issuers. No part of the research analyst's compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the research analyst in the subject company of this research report. Research analysts are not directly compensated for specific revenue generated by the firm's investment banking transactions/activities.
General Disclosures
MCF & Co. expects to receive or intends to seek compensation for investment banking services for all of the companies in its research universe in the next three months. Investors should assume that MCF & Co. is soliciting or will solicit investment banking or other business relationships from the companies covered in this report in the next three months.
Security prices in this report may either reflect the previous day's closing price or an intraday price, depending on the time of distribution. Designated trademarks and brands are the property of their respective owners.
Specific Disclosures
Merriman Curhan Ford's full research universe and related disclosures can be downloaded from http://www.mcfco.com and http://mcfco.com/footer/docs/Disclosures.pdf. Applicable current disclosures for this report can be obtained by contacting [email protected] or via postal mail at Editorial Department, Merriman Curhan Ford, 600 California St., 9th Floor, San Francisco, CA 94108.
Key to Investment Rankings (expected total share price return inclusive of dividend reinvestment, if applicable)
Rating |
Percent of |
No. of |
Description |
Percent of companies under research |
|
Buy |
66% |
59 |
MCF & Co. expects the stock price to appreciate |
8% |
|
Neutral |
33% |
29 |
MCF & Co believes the stock price is fairly |
2% |
|
Sell |
1% |
1 |
MCF & Co. expects the stock price to depreciate |
1% |
|
MCF & Co. archives and reviews outgoing and incoming email. Such may be produced at the request of regulators. Sender accepts no liability for any errors or omissions arising as a result of transmission. Use by other than intended recipients is prohibited.
The information contained herein is based on information obtained from sources believed to be reliable but is neither all-inclusive nor guaranteed by Merriman Curhan Ford & Co. No independent verification has been made as to the accuracy or completeness of the information. Opinions, if any, reflect our judgment at the time the report is first published and are subject to change without notice. Merriman Curhan Ford & Co. does not undertake to advise you of changes in its opinion or information.
Member FINRA / SIPC. Copyright © 2010. All rights reserved. Additional information supporting the statements in this report is available upon request.
SOURCE Merriman Curhan Ford Group, Inc.
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