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4 Casino Stocks to Buy on Japan’s Legalization

Japan casinos opens up a whole new category of stocks to buy

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Casino Stocks to Buy: Japan Airlines (JAPSY)

Casino Stocks to Buy: Japan Airlines (JAPSY)
Source: ©iStock.com/bedo

Aside from the fact that there are apparently no “cultural sensitivity” algorithms in the over-the-counter markets, investors will want to check out Japan Airlines Co. (OTCMKTS:JAPSY).

Again, this is not a direct play towards casino stocks. That being said, Japan is an island nation that is fairly isolated from much of the developed world. I gather that most would take the aerial approach — hence JAPSY.

The tailwinds for JAPSY couldn’t be more conspicuous if they tried. Japan casinos will attract Chinese and other global high-rollers on a consistent basis. The upcoming Olympics will inevitably generate as much demand as JAPSY can handle — and I’m sure they can handle a lot. Crude oil prices, which are still at deflated levels relative to prior highs, will also provide a boost to the bottom line.

However, what I like the best about JAPSY is that it’s one of the few financially stable airliners. For example, Japan Airlines has five times more cash than it does debt. That puts it in the upper echelon of global airliners.

One area of concern is in sales growth, where JAPSY is middling at best. But with so many unprecedented and exciting developments occurring, this would be one shortfall that could be quickly remedied.

So when it comes to assessing casino stocks to buy, don’t forget JAPSY. It doesn’t gamble, but it paves the way for those who do.

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


Article printed from InvestorPlace Media, http://investorplace.com/2017/01/japan-casino-stocks-to-buy-lvs-wynn-ewj-japsy/.

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