Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

CIBC World Lifts Estimates on Ameristar Casino

CIBC World reiterates its buy rating and raised the estimates and target on Ameristar Casinos (ASCA).

Analyst William Schmitt says he's raising his $0.35 Q2 EPS estimate to $0.39, and raising the $1.43 2001 estimate to $1.55 and the $1.55 2002 estimate to $1.64 based on strong results

from the company's Missouri riverboats, most notably St. Charles. Also, Schmitt raised the $147.3 million 2001 EBITDA estimate to $151.2 million and raised the $162.5 million 2002 EBITDA estimate to $165.8 million. Schmitt also raised the $11

price target to $14.

He sees potential for meaningful upsides at the company's

St. Charles and Kansas City riverboats; and also sees improvements given Ameristar Casino's recent property enhancements in Vicksburg and Council Bluffs. Given the company's limited public float, he recommends investment in Ameristar Casino for speculative accounts able to assume risk.

blog comments powered by Disqus