NEW YORK (TheStreet) -- Shares of Isle of Capri Casinos, Inc. (ISLE) are soaring 10.70% to $9.83 after Deutsche Bank (DB) said that Gaming and Leisure Properties (GLPI) could pay $15.82 per share, for the company, which would be a total purchase price of $1.62 billion including debt, provided the assumed purchase multiple is 9.0x.
Deutsche Bank said a sale leaseback is a possibility, but an outright sale of Isle of Capri seems more likely.
Must Read: Warren Buffett's 25 Favorite Stocks
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."