Echo Entertainment: Result 2014

Echo’s share price has increased nearly 50% from its lows, but its annual result shows new CEO Matt Bekier still has work to do.

Due to a recent unexpected profit upgrade, Echo Entertainment’s share price has increased 49% since reaching a low of $2.18 in February and 21% since our initial upgrade in Echo is worth a shout from 23 Sep 13 (Buy – $2.68). With Mr Market having regained his senses since Crown Resorts received approval to build a new casino at Barangaroo in Sydney to rival Echo’s largest casino, The Star, what should you do now?

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