Churchill Downs Stock: Betting on the Kentucky Derby

Описание: Shawn and Daniel break down Churchill Downs, Inc. (ticker: CHDN), a gaming company that is uniquely tied to the world of horse racing.

What you’ll learn here:
00:00:00 - Intro
00:02:30 - What makes the Kentucky Derby such a cherished event and a masterclass on luxury hospitality
00:05:00 - Why Churchill Downs is so much more than just a gambling company
00:07:25 - What to make of the surge in historical racing machines that are powering the company’s growth
00:16:53 - Why Churchill Downs gave up on mobile-app-based casino gaming
00:34:56 - How the company has used its relationships and lobbying powers to protect its business and even lower its taxes
00:38:59 - The risks and moats of entrenched gambling businesses
00:41:25 - What the future of horse racing looks like
00:45:52 - Why Churchill Downs is such an asset-heavy business
00:58:09 - How to think about modeling CHDN’s intrinsic value
01:02:05 - Whether Shawn and Daniel add CHDN to their Intrinsic Value Portfolio

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