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11-11-08, 03:15 PM
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#1 | ||||
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Las Vegas Sands prices stock offer, shares fall
Looks like the sands has about 6 months to live. Cash position a going concern.
Shares fall from high of $120.00 last year to $5.20 today.
__________________
Total Square - Major Wager "Close to 100 stiffs. A fukkin riot that people would give them copies of government docs in order to bet." |
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11-11-08, 03:24 PM
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"It clearly points to the fact that the company is in a do-or-die situation," said Sumit Desai, gaming industry analyst at Morningstar.
Desai added, "What they are doing ... will probably determine whether or not the company actually goes under or whether it can remain as a going concern and as a viable company. "I think the equity offering is going to be massively dilutive to existing shareholders."
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Total Square - Major Wager "Close to 100 stiffs. A fukkin riot that people would give them copies of government docs in order to bet." |
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11-11-08, 06:37 PM
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Thay have some big construction in China going on and they are hemmoraging cash. They went hat in hand to the Chinese goverment and they told them to piss off. This should put them on their death bed by the end of the year. What's the world coming to if gambling is a losing business too.
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The definition of a man is, to say and do the right things at the right times without being asked, and to continue to do them even if no one else is watching.-Me |
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11-11-08, 06:45 PM
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I think they were considering the sale of one of their casinos in Mississippi (or somewhere else). I expect them to find a way out of this. I can't imagine them letting the Venetian and Palazzo go down in flames. That will send shockwaves through Vegas, which is struggling badly right now.
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11-11-08, 06:54 PM
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RIP Alexis Arguello
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Quote:
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11-11-08, 06:56 PM
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any thoughts about MGM its trading at 11 its 52 week high was 93, could they go bankrupt or could mgm be a stock to buy if you have 3-5 years to hold it?
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11-11-08, 07:22 PM
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SBR should buy the Sands...and change the name to the SBR Resort Gambling and Spa...
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Why do these boneheads foul down 10 with under 10 seconds left |
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11-11-08, 08:17 PM
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#8 | ||||
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Now is the time to buy LVS.
__________________
"What we ARE NEVER changes, who we ARE is ALWAYS changing." "You will lose lots of money chasing after women, but you will NEVER lose women chasing after money" I do 3 kinds of work, Good, Fast, and Cheap. If the work is Cheap and Good, it won't be Fast. If the work is Cheap and Fast, it won't be Good. And lastly, if the work is Good and Fast it won't be Cheap. Remember that. |
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11-11-08, 08:35 PM
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Quote:
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11-11-08, 08:38 PM
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I wouldn't buy any of the gaming stocks right now except for maybe IGT. There is a ton of uncertainty right now. MGM looks bleak as well. LVS is selling diluted shares at 40% of the market. They are bleeding. This is the same type of desperation that Lehmann, Bear & Stearns, and WAMU used shortly before they folded in an attempt to shore up cash. You could very well see this company get bought out for 40 cents a share. If you do decide to invest, just beware that this is an extremely risky gamble. I'd say they have about a 10% chance of getting through this.
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11-11-08, 08:40 PM
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That said, if you do wish to roll the dice with LVS, I would wait a couple of weeks. There won't be anything but bad news coming and shares will continue to fall.
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