Las Vegas Sands (LVS)

Quote from Baron:

I like LVS, a lot.

I'm long 39k shares@ $2.58.

If it goes significantly lower, I'm going in for more.

IMO, the single biggest indicator to buy this stock is the fact that Cramer and TheStreet.com are calling it a sell. :D
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How do you think they will cope with their debt rollover?
 
Well. Let's see.

They have 2 billion in cash, plus an additional half a billion in new profit as a result of cost cutting.

In addition, they have a new casino opening in May which will be generating more cash, and they have another one opening at the end of the year in Singapore that will be adding to the bottom line as well.

The fact that this stock is heavily shorted makes this play even better. When it starts making a significant move to the upside .... watch out.
 
Quote from Baron:

Well. Let's see.

They have 2 billion in cash, plus an additional half a billion in new profit as a result of cost cutting.

In addition, they have a new casino opening in May which will be generating more cash, and they have another one opening at the end of the year in Singapore that will be adding to the bottom line as well.

The fact that this stock is heavily shorted makes this play even better. When it starts making a significant move to the upside .... watch out.
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IIRC these casinos have a debt schedule of something like $1b every year for quite a while, you are expecting a refi?
 
Quote from Port1385:

A stock doesnt sell from 80 to 2 without a distinct chance of becoming insolvent. I wouldnt be surprised to see this one trading at 25 cents by the end of the year.
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Agreed.
 
Quote from DataCruncher:

was there any particular news that got it going?
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Supposedly LVS is going to buy back $800 million in term loans.

In regards to the bankruptcy comments, I don't believe this company is anywhere near that level.
 
Quote from Baron:

Supposedly LVS is going to buy back $800 million in term loans.

In regards to the bankruptcy comments, I don't believe this company is anywhere near that level.
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what is the earliest that someone would hear that news, and with what news product? just doing a quick check of scottrade DJ newsfeed (admittedly not a professional level product) I see that news hit the wires at 2:54pm, after the move in the stock had already happened


by the way Baron, what is your target price? I'm thinking of getting in but waiting for pullback
 
Quote from DataCruncher:

what is the earliest that someone would hear that news, and with what news product?
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Not sure, but keep in mind that this is a heavily shorted stock, so it won't take much good news (or rumors) to send it higher quickly.
 
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