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Jun 2024
1h 11m

Philosophy Capital's Jacob Rubin on lega...

Andrew Walker
About this episode

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

Today's episode is sponsored by: Santangel's Review

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