July 2, 2008 - Gaming Industry Recession-PRONE, not Recession-Proof
By Bill Conerly, Conerly Consulting LLC, Businomics Blog, Oops, Wall Street got another industry wrong. After proclaiming that casinos were recession-proof, they’ve recently learned just the opposite. Here’s what one mutual fund manager said before the downturn: “Gaming stocks perform much more like consumer staples than consumer discretionaries. When you […]