Las Vegas Sands (LVS)

F

fencerd4

I just took a 9000 share position in the company at $2.39 average, thinking of buying and holding for a year, while writing 5 strike covered calls every month until it runs up to 4 bucks. Their Pennsylvania and long anticipated first casino in Singapore is going to be finished by the end of this year and should boost up the balance sheet. I am in for the long-term, and as long as the company don't go bk, this will be at least a $10 stock in two years.

I personally think they they are in a better financial position than over leveraged MGM and I doubt Wynn is the only large establishment that can weather this storm.

What's your opinion?



here is a link to the new casino in Singapore

http://www.marinabaysands.com/

Another link reporting on how the government of Singapore vow to assist LVS in any way to finish the project and attract more tourists.

http://www.4hoteliers.com/4hots_nshw.php?mwi=5154
 
Once inflation kicks in, casinos are the first places to get the results. People have been stressed out for the past couple years and have a pent up desire to blow off some steam. I think by next year your LVS position will be above 10.
 
Quote from fencerd4:

I just took a 9000 share position in the company at $2.39 average, thinking of buying and holding for a year, while writing 5 strike covered calls every month until it runs up to 4 bucks. Their Pennsylvania and long anticipated first casino in Singapore is going to be finished by the end of this year and should boost up the balance sheet. I am in for the long-term, and as long as the company don't go bk, this will be at least a $10 stock in two years.

I personally think they they are in a better financial position than over leveraged MGM and I doubt Wynn is the only large establishment that can weather this storm.

What's your opinion?



here is a link to the new casino in Singapore

http://www.marinabaysands.com/

Another link reporting on how the government of Singapore vow to assist LVS in any way to finish the project and attract more tourists.

http://www.4hoteliers.com/4hots_nshw.php?mwi=5154
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That article about help from the government is over 4 months old. The world is changing every week. I wouldn't give any credence to anything from back in November.

That being said, I agree that LVS is a good lottery ticket around 2 bucks.
 
this is a stupid reason to be long a casino (lvs).

and the other stupid reason is that they will open in singapore. That's probably the last thing LVS should be doing.



Quote from RiceRocket:

Once inflation kicks in, casinos are the first places to get the results. People have been stressed out for the past couple years and have a pent up desire to blow off some steam. I think by next year your LVS position will be above 10.
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if u really want a sure shot, check out FFHL.



Quote from DataCruncher:

I am contemplating building a position in LVS. Fencerd are there any particular sources you have been using for LVS research?
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LVS has too much debt and might be forced into chapter 11 by the end of the year. Just look at MGM they are having major issues trying to re-finance. Hope you don't need the money....
 
People buy puts for reasons other than speculating that a stock's price will go down. For example, I used some of the proceeds from selling covered calls and buy at the money leap puts to protect my position just in case.
 
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