Mpel is too speculative.
Shorters can easily drop it to $1 by March 2015 when interest rate panic sell happens.
this board, like this stock, blow now.....a joke
wake me up 3Q report....while I hold my bag (made in China, no less)
The problem with yahoo is that freaks like thekindogay can rampage on boards like this.
Freeforum was created to get RID of idiots like him.
One day soon more than just the core institutional ownership is going to figure out that MSC's build out is going to be at least as valuable to the corporate owner as anything that will be built in Japan in no less than 5-6 years from now... Japan will be valuable, but on a discounted cash flow valuation basis, MPEL's story is stunningly cheap right now, right before the next doubling leg of ebitda growth and operating leverage kicks off in manila and then Studio City.
Studio City will be done in two phases now. One will be done mid year 2015, the "expansion phase" they are now telegraphing likely a couple years out -- maybe 2H17 behind Tower 5 at COD Cotai 1H2017? Meanwhile, the "expansion phase" now being planned for COD manila is going to be critical operating leverage capture as well. While we wait for that, it is fun to note that the highest published estimate for CY15 on COD Manila implies ROIC of less than half MPEL's run rate for 1H14 annualized.
btw, fun to point out that Macau Bus Daily and GRAsia articles this week errantly suggest "a filing" noted MPEL had a budget overrun of $300m update this week. LOL More "brilliant" reporting -- these guys might be good enough to make it as equity analysts! No, there is no new "overrun" in the foreign market 10Q... the $300m (MPEL's share) is as disclosed a while back when they increased the Studio City budget for as yet undisclosed project enhancements -- perhaps including initial planning and approval filings for the "expansion phase" now being discussed in MPEL's filings. Clarifying my earlier comments, that was done earlier this year, around April from recall or so when they increased the development budget for the INITIAL phase of COD Manila when they signed up Hyatt and Dreamworks and who knows what other cool entertainment ideas they have for that venue. Weak sauce reporting and sellside coverage of this sector is awful and too funny...