The stock market is always tricky these days, and this is something you need to consider when it comes to investing. There are no absolutes with regards to the stock market, but there are certainly some stocks each year that are worth a look for those who are looking to make some kind of investment for the future. And, one of the stocks that is getting a lot of attention this year is the Great Canadian Gaming shares.
This will come as little surprise to anybody who has been following the industry closely this year. To say 2018 has been an explosive year for Great Canadian would be an understatement. And, despite the odd piece of bad press here and there, the company has grown in strength, stature, and popularity. This was best exemplified recently by the release of Great Canadian’s wildly impressive 3rd quarter results.
After the Q2 results, CEO Rod Baker claimed, “Great Canadian is now a much stronger and more diversified company that is well positioned for further growth.” This is pretty much the essence of what makes the company shares so appealing. We can only imagine how he must feel following the Q3 results!
In fact, it looks as though 2019 is set to be an even bigger year for the Canadian casino giants, and this could be one of the big reasons why the company’s stock is being talked about in such high regard. This is one of the stock market choices people are talking about for next year, and it’s not hard to see why when you look at the success the company is expected to have.
However, as with all stocks, it is important to consider the market, and there are some sources that have, quite rightly, cautioned potential investors to consider volatility before investing in Great Canadian stocks. The beta value of 1.05 signifies that the stock prices should be affected by the broader market, as would be the case for a lot of stocks. And this is definitely something potential investors need to look into and research before they think about parting with any of their cash.
Of course, there are plenty of factors that make Great Canadian an important and worthwhile investment long-term. A lot of the projects and developments the company has been involved in this year point to big things! Among these included a slots bundle deal with GTA, as well as the company announcing the long-awaited opening of Shorelines Casino. These are all factors that have contributed to a really good year for Great Canadian, and they are some of the reasons why the company has enjoyed some impressive growth between Q2 and Q3.
Great Canadian is also the nation’s largest supplier of bingo halls, and this has no doubt had a positive impact as well. In fact, TD Securities analysts have actually raised the status of the Great Canadian stock from ‘Hold’ to ‘Buy,’ indicating to many investors that it’s time to get on board. The Royal Bank of Canada also increased share price from C$61.00 to as high as $64.00. This is something that a lot of people have been keeping an eye on for a while.
It seems that, for the modern investor, the Great Canadian stock is definitely worth keeping an eye on. The company is going from strength to strength, and this is important because it is shaping up for a positive 2019 as well. This looks like it could be a goldmine for those willing to invest a lot of money and play the waiting game, but anyone considering this should do their research, and never invest money they can’t afford to lose.