Confusing Numbers
Confusing Numbers Pinnacle Entertainment may not know what to make of the news of the past few months. They released their fourth quarter numbers this week and they show an increase of revenue over the same period from 2007.

That is the good news for the company. The bad news is that their stock prices continued to drop. As of Friday morning their stock price had dropped to $5.28 a share, down from $6.36 when the day began.

Even with the bad news, the company is optimistic that the future is bright. They recently received good news in Missouri where gambling limits were raised with Proposition A in the November election.

The proposition also did something else that will help Pinnacle in the future. A limit was put on the amount of casino licenses that the state will give out, which means that customers will be drawn to the existing casinos.

As for the revenue figures from the fourth quarter of 2008, the company reported that they received $258.9 million for the fourth quarter. In the same quarter in 2007, the revenue was $219.2 million. The revenue in the last quarter even exceeded analyst expectations, which were $255.2 million.

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