PENN Entertainment, Inc. (NASDAQ:PENN) is probably among the most undervalued stocks in the U.S. casino sector. In our view, it is a $50 stock hiding behind its current price of $29. Mr. Market and analysts alike have allowed the billowing winds of possible recession to divert their attention from a far more critical tailwind: there is a history of decision-making in this company that, to me, as an industry c-suite veteran - telegraphs this message: you want to be in business with these guys.