Monarch Casino remains selective on acquisitions, analyst says
Monarch Casino & Resort remains selective about potential acquisitions while staying open to expansion, according to analyst Barry Jonas of Truist Securities. Jonas said the company could pay another special dividend if it does not complete a deal in the next two years; he also reported that management has received past acquisition interest but is not in a hurry to sell.
The company’s acquisition criteria and potential dividend affect investors assessing its expansion and capital-return options.