{"id":14960,"date":"2014-11-06T13:15:58","date_gmt":"2014-11-06T21:15:58","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=14960"},"modified":"2014-11-11T15:14:48","modified_gmt":"2014-11-11T23:14:48","slug":"quote-of-the-day-603","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/quote-of-the-day-603\/","title":{"rendered":"Quote of the Day"},"content":{"rendered":"<p>&#8220;At present, with shares trading at ~$24.75, we do not see a meaningfully favorable risk-reward. We detail our rationale in the body of this note, but, given financial <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2012\/08\/Pinnacle.jpg\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-9558\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2012\/08\/Pinnacle.jpg\" alt=\"Pinnacle\" width=\"275\" height=\"91\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2012\/08\/Pinnacle.jpg 275w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2012\/08\/Pinnacle-150x49.jpg 150w\" sizes=\"(max-width: 275px) 100vw, 275px\" \/><\/a>leverage and the sensitivity to the equity value stemming from multiple contraction in the event of the deal failing to come to fruition, we see downside in the $17 range versus upside to $36 (base case). &#8230;\u00a0While we assign a greater than 50\/50 probability to the transaction getting done, we see the timeline as being elongated, and believe the potential exists for further speed bumps along the way.&#8221; &#8212; <em><strong>Deutsche Bank<\/strong> analyst <strong>Carlo Santarelli<\/strong>, evaluating today&#8217;s <strong>Pinnacle Entertainment<\/strong> REIT bombshell.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;At present, with shares trading at ~$24.75, we do not see a meaningfully favorable risk-reward. We detail our rationale in the body of this note, but, given financial leverage and the sensitivity to the equity value stemming from multiple contraction &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/quote-of-the-day-603\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[30,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14960"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=14960"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14960\/revisions"}],"predecessor-version":[{"id":14994,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14960\/revisions\/14994"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=14960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=14960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=14960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}