You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Las Vegas Sands (LVS)
- Thread starter fencerd4
- Start date
market cap is only 3 billion at the current stock price per share. That's barely the cost of the materials to build the venetian in vegas, NOT EVEN INCLUDING THE real estate it's worth, not including palazzo, not including macau, singapore, pennsylvania, and not even including the business itself.
I don't understand why members here on ET never bring up bargains and opprutunities like this.
I don't understand why members here on ET never bring up bargains and opprutunities like this.
Quote from midniteeuropa:
market cap is only 3 billion at the current stock price per share. That's barely the cost of the materials to build the venetian in vegas, NOT EVEN INCLUDING THE real estate it's worth, not including palazzo, not including macau, singapore, pennsylvania, and not even including the business itself.
I don't understand why members here on ET never bring up bargains and opprutunities like this.
Because the bondholders might own all of that. Dont take this rally as confirmation you are right on this stock, they got plenty of debt coming due for years and years. They have been cashflow negative ex-financing for years, this means they depend on the capital markets to stay liquid. They cant raise equity anymore so they are the mercy of creditor for years to come
Current outstanding debt is factored into the price; however, the opening of the two new casinos and a few on the Cotai strip is going to increase revenues and decrease outstanding debt. Don't forget that they can eventually buy back their debt at a discount.
This is the Altria of another kind. Remember, since the begining of recorded history, we always had gambling, drugs, and prostitution. Gambling is going to be here even after you lose your shirt in the next bear market.
This is the Altria of another kind. Remember, since the begining of recorded history, we always had gambling, drugs, and prostitution. Gambling is going to be here even after you lose your shirt in the next bear market.
Quote from Daal:
Because the bondholders might own all of that. Dont take this rally as confirmation you are right on this stock, they got plenty of debt coming due for years and years. They have been cashflow negative ex-financing for years, this means they depend on the capital markets to stay liquid. They cant raise equity anymore so they are the mercy of creditor for years to come
As usual, your call is an almost perfect contrary indicator:
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2376406>
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2376406>
Quote from Port1385:
Baron,
Looks like you will have that chance once again to scoop up more shares. You will have your chance to average down in 2-3 cent range when it gets bounced to the pinks after the declaration of bankruptcy.
Attachments
I agree! LVS, MGM, WYNN (well maybe not so much)
But the guys who are still focused on the casino business are here to stay.
The leader will have the best management, human resources, and handling of cash flow.
There is no business like the gaming business. If they would operate under good money management practices and start paying a respectable dividend those babies would go through the roof.
BTW with as many people out of work these day's I don't see to many bans on gaming in the future.
But the guys who are still focused on the casino business are here to stay.
The leader will have the best management, human resources, and handling of cash flow.
There is no business like the gaming business. If they would operate under good money management practices and start paying a respectable dividend those babies would go through the roof.
BTW with as many people out of work these day's I don't see to many bans on gaming in the future.
Loudmouth Macke is saying casinos building in Macau are going to be run roughshod over by the Chinese government. Do you think they might have some clue about that before they decided to build? I think he drove Najarian away too with his need to be
alpha male.
alpha male.
he is really a loud mouthed know it all. i would like to see his real track record.Quote from omegapoint:
Loudmouth Macke is saying casinos building in Macau are going to be run roughshod over by the Chinese government. Do you think they might have some clue about that before they decided to build? I think he drove Najarian away too with his need to be
alpha male.
LVS getting pummeled today.
I'm at Tahoe and Gaming is dead in Nevada.
It's going to be rough going forward for gaming stocks.
Careful
I'm at Tahoe and Gaming is dead in Nevada.
It's going to be rough going forward for gaming stocks.
Careful