Jacob Rubin, Portfolio Manager at Philosophy Capital, joins the podcast for the third time to share two theses: the first - Caesars Entertainment (NASDAQ: CZR), the second - Gannett Co., Inc. (NYSE: GCI).
For more information about Philosophy Capital, please visit: https://www.philosophycap.com/
Chapters:
[0:00] Introduction + Episode sponsor: Santangel's Review
[4:20] Overview of Caesars and why its so interesting to Jacob + why focus on $CZR and not all the other gaming-type companies
[12:28] In gaming, how much does scale matter
[16:26] Fear of the consumer vs. results of the cashflow
[23:06] $CZR what happened in Q1 2024 / catalysts on the upside / capital allocation
[34:30] Digital (online gaming) ramp
[39:20] Sum of the parts / $CZR valuation
[45:07] Carl Icahn investment in $CZR
[49:01] Overview of Gannett $GCI and why it's so interesting to Jacob
[54:44] Two legs to the thesis: AI and lawsuit against Google / undervalued - what's more of the play for Jacob with $GCI?
[1:02:05] $GCI valuation / Apollo involvement
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