Competition, page-2

It is a major signal of confidence. One that ought to shake the stigma that's embedded in the average investors mind about PNK and its people.
KSL is heavily discounted because of this casual prejudice, which is based on nothing else than a deep sense of superiority.

With consistently growing revenue and earnings, a $1.50 share price would see us at a PE of 9 and an unfranked dividend yield of 7% at todays earnings.
This may even see KSL as undervalued with growing earnings. The market has seriously mispriced this bank.