NEW YORK (TheStreet) -- Shares of Isle of Capri Casinos Inc. (ISLE) are slightly higher, up 0.25% to $8.57 in after-hours trading, as it's reportedly in advanced talks to sell itself to Gaming and Leisure Properties Inc. (GLPI), sources told Reuters.
Isle Of Capri renewed discussions in recent months with Gaming and Leisure Properties, a real estate investment trust, after a broader sale process involving several potential buyers fell apart earlier this year, Reuters said.
Shares of Isle of Capri closed up 5.03% to $8.56 on Monday.
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Separately, TheStreet Ratings team rates ISLE OF CAPRI CASINOS INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate ISLE OF CAPRI CASINOS INC (ISLE) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity and feeble growth in its earnings per share."