Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries The Donerail Group Highlights Opportunity for Significant Value Creation at PENN Entertainment By: The Donerail Group LP via Business Wire May 31, 2024 at 08:35 AM EDT Believes the Company’s Misguided Interactive Strategy and Poor Capital Allocation Have Destroyed Shareholder Value, Resulting in PENN Trading at a Steep Discount to Its Intrinsic Value Highlights Management’s Track Record of Failed Deals, Including the Headline-Generating Barstool Sports Sale for $1 Questions the Board’s Decision to Reward CEO Jay Snowden with Excessive Compensation of Nearly $100M Despite Significant Financial Underperformance and Stock Price Declines Contends PENN Could Fetch Up to Double Its Current Trading Price in the Event of a Sale The Donerail Group LP (together with its affiliates, “Donerail” or “we”), a shareholder of PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN), today sent an open letter to the Company’s Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240531207464/en/ About Donerail The Donerail Group LP is a Los Angeles-based investment adviser that employs a value-oriented investment lens focusing on special situations and event-driven investments. View source version on businesswire.com: https://www.businesswire.com/news/home/20240531207464/en/Contacts For Investors ir@donerail.com For Media Longacre Square Partners Charlotte Kiaie / Ashley Areopagita donerail@longacresquare.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
The Donerail Group Highlights Opportunity for Significant Value Creation at PENN Entertainment By: The Donerail Group LP via Business Wire May 31, 2024 at 08:35 AM EDT Believes the Company’s Misguided Interactive Strategy and Poor Capital Allocation Have Destroyed Shareholder Value, Resulting in PENN Trading at a Steep Discount to Its Intrinsic Value Highlights Management’s Track Record of Failed Deals, Including the Headline-Generating Barstool Sports Sale for $1 Questions the Board’s Decision to Reward CEO Jay Snowden with Excessive Compensation of Nearly $100M Despite Significant Financial Underperformance and Stock Price Declines Contends PENN Could Fetch Up to Double Its Current Trading Price in the Event of a Sale The Donerail Group LP (together with its affiliates, “Donerail” or “we”), a shareholder of PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN), today sent an open letter to the Company’s Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240531207464/en/ About Donerail The Donerail Group LP is a Los Angeles-based investment adviser that employs a value-oriented investment lens focusing on special situations and event-driven investments. View source version on businesswire.com: https://www.businesswire.com/news/home/20240531207464/en/Contacts For Investors ir@donerail.com For Media Longacre Square Partners Charlotte Kiaie / Ashley Areopagita donerail@longacresquare.com
Believes the Company’s Misguided Interactive Strategy and Poor Capital Allocation Have Destroyed Shareholder Value, Resulting in PENN Trading at a Steep Discount to Its Intrinsic Value Highlights Management’s Track Record of Failed Deals, Including the Headline-Generating Barstool Sports Sale for $1 Questions the Board’s Decision to Reward CEO Jay Snowden with Excessive Compensation of Nearly $100M Despite Significant Financial Underperformance and Stock Price Declines Contends PENN Could Fetch Up to Double Its Current Trading Price in the Event of a Sale
The Donerail Group LP (together with its affiliates, “Donerail” or “we”), a shareholder of PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN), today sent an open letter to the Company’s Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240531207464/en/ About Donerail The Donerail Group LP is a Los Angeles-based investment adviser that employs a value-oriented investment lens focusing on special situations and event-driven investments. View source version on businesswire.com: https://www.businesswire.com/news/home/20240531207464/en/
For Investors ir@donerail.com For Media Longacre Square Partners Charlotte Kiaie / Ashley Areopagita donerail@longacresquare.com