The best Kentucky Derby bet may actually be investing in Churchill Downs - MarketWatch
1. CHDN's stock has fallen nearly 25% despite a positive earnings outlook. 2. Analysts maintain bullish targets averaging over 50% above current stock price. 3. The Kentucky Derby will generate about $180 million EBITDA for CHDN this year. 4. CHDN is facing macroeconomic challenges affecting stock performance. 5. Management has paused a $900M track improvement project to ease cash flow.