3 Stocks You Need to Sell NOW

When even ever-optimistic Wall Street analysts are bearish on a stock, it's time to get out

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3 Stocks You Need to Sell NOW

Caesars Entertainment

Caesars185 3 Stocks You Need to Sell NOWLike the rest of the gambling industry, Caesars Entertainment (CZR) faces what analysts call a “challenging operating environment.” High unemployment and a weak recovery have been headwinds for casino companies for years. It also doesn’t help that Caesars’ balance sheet is bloated with debt.

Yes, CZR is projected to pare its loss this year to $6.68 a share from $11.95 a year ago on a sales gain of 1.7%. So what? The company hasn’t reported an annual profit since 2009.

Of the eight analysts covering the stock, four have it at “hold” and four call it a “sell.” (That averages out to a “sell” rating, according to Thomson Reuters.) The mean price target stands at $12.40, giving CZR an implied downside of 43% in the next year or so.

As of this writing, Dan Burrows did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/stocks-to-sell-shld-lxk-czr/.

©2014 InvestorPlace Media, LLC

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