Is Park Place Set To Cash In?By
Gambling companies don't usually show up on the radar screen of Bob Olstein, president of Olstein Financial Alert Fund, who is a fanatic about cash flow and financial strength. Yet Park Place Entertainment (PPE), the world's largest casino company, has caught Olstein's eye. The reason: Park Place is on a solid financial footing, generating excess cash flow of about $500 million through the third quarter--and it is expected to hit $700 million in 2001. On top of all that, Park Place is takeover bait, says Olstein.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.