Eldorado Resorts is a holding company. Through its subsidiaries, Co. is a gaming and hospitality company. Co.'s properties feature slot machines and video lottery terminals and e-tables, table games and hotel rooms. Co.'s segments are: West Region, which include properties in Nevada and Colorado; Midwest Region, which consists of dockside casinos in Iowa and land-based casinos in Missouri; South Region, which consists of dockside casinos in Louisiana and Mississippi, land-based casino in Mississippi and racino in Florida; East Region, which consists of a racino in Ohio and a casino in New Jersey; and Central Region, which consists of properties located in Indiana, Illinois and Missouri. We show 25 historical shares outstanding datapoints in our ERI shares outstanding history coverage, used to compute ERI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ERI market cap history over the course of time is important for investors
interested in comparing ERI's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ERI versus a peer is one thing; comparing
ERI market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ERI can fluctuate over the course of history.
With this page we aim to empower investors researching ERI by allowing them to research the ERI market cap history. |
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Video: The Importance of Market Cap
