Crown Resorts – Upside Surprise

Crown Resorts remain under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

A cautious approach is to sell covered call options and run the position as an income contributor to portfolios, (10% cash flow), or the more aggressive play would be to hold the stock for the potential of a concrete takeover offer from Wynn or another rival.

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Assuming 5% EPS growth into FY20, we now have the stock on a 4.3% forward yield.

 

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