No doubt AAD has benefited due to such a healthy economy and strong employment. Since Texas is the dominant factor for 'The Main Event' @broosta
Well, they are actually in 12 states in the US. 50% are outside Texas and the new stores that are opening fairly quickly are all outside of Texas too.
The revenue & EBITDA growth looks to be in the new Main Event stores that have opened between FY 12 & 16, so they are headed in the right direction.
They have also paid down debt by 47% from $313 M to $166 M, and that's going to come down another $66 M after they receive payment for the marinas.
The valuation for Dream World is also likely to return as park visitations trend back towards normal levels. So that is also a temporary reduction in assets- not a permanent one.
Just feel that they had 3 unusual one off hits to earnings- 45 day closure of Dreamworld, 5 month closure for refurbishment of Crown Kingpin, and the completion of the sale of the Health Clubs.
High growth company that will swing back to normal growth patterns pretty quickly, and will be supported by tax cuts in the US, impacting the discretionary spend.
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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.