I expect you to disappear long before that even comes close to occurring.
Want to take a trip to italy? APRU is the kind of stock that could turn 2k into 20k in a few weeks. News is around the corner and we could see a massive spike in PPS in APRU once they announce more info ont heir cannabis chews. Think of a weed starburst. This could be huge!
Wynn Resorts, Limited Reports Second Quarter 2014 Results
Business Wire Wynn Resorts, Limited
18 hours ago
LAS VEGAS--(BUSINESS WIRE)--
Wynn Resorts, Limited (WYNN) today reported financial results for the second quarter ended June 30, 2014.
Net revenues for the second quarter of 2014 were $1,412.1 million, compared to $1,332.3 million in the second quarter of 2013. The growth was the result of a 12.5% increase in net revenues from our Las Vegas Operations and a 3.2% net revenue increase from our Macau Operations. Adjusted property EBITDA (1) was $467.4 million for the second quarter of 2014, a 9.8% increase from $425.7 million in the second quarter of 2013.
On a US GAAP basis, net income attributable to Wynn Resorts for the second quarter of 2014 was $203.9 million, or $2.00 per diluted share, compared to net income attributable to Wynn Resorts of $129.8 million, or $1.28 per diluted share, in the second quarter of 2013.
Adjusted net income attributable to Wynn Resorts, Limited (2) in the second quarter of 2014 was $215.1 million, or $2.11 per diluted share (adjusted EPS), compared to an adjusted net income attributable to Wynn Resorts of $152.9 million, or $1.51 per diluted share, in the second quarter of 2013.
Wynn Resorts also announced today that the Company has approved a cash dividend for the quarter of $1.25 per common share. This dividend will be payable on August 26, 2014, to stockholders of record on August 12, 2014.
In the second quarter of 2014, net revenues were $960.6 million, a 3.2% increase from the $930.9 million generated in the second quarter of 2013. Adjusted property EBITDA in the second quarter of 2014 rose to $307.0 million, up 5.8% from $290.1 million in the second quarter of 2013.
Table games results in Macau are segregated into two distinct reporting categories, the VIP segment and the mass market segment.
Anyone who listened to that conference call has to be excited and impressed with Wynn and Steve Wynn. If there is a better casino guy would like to know. He knows his niche - high end and he plays it 100% of the time.
People underestimate Steve Wynn, and that has never been a savvy move. Even when Kerkorian kicked him out of Mirage, he left with a giant bankroll and the vision to recreate Vegas again.
Still in for 250 by opening of Cotai. Consider that the low limit of ROI until then.
So whatever, however choppy it was in June, we are seeing that sort of flatten out again, and do better in July. We are having the best July ever in the history of Las Vegas, and probably the best July in the history of Macau. //Wow, love this...July is rocking across the world//
We are knocking -- I mean, we got a couple of nights left. We are pushing $50 million this month in Las Vegas. I never had a $50 million in July in my business career, 40 odd years in gaming. //SWEET//
We want to be the first company to break through calendar year of over $0.5 billion of profit in Las Vegas, beginning to sound a little bit like Macau; and in order to do that, we have to do $37 million a month for the last six months of the year.
Well if we hit $50 million in July, that $30 million -- we'd do that a couple of months, we won't even need December. I am dying to do this. All of us at the company, we are watching this kind of stuff by the day. I mean, we run the company long term, but we have such fun short term. Playing these kind of games and setting these weekly, monthly goals for ourselves. //acutely focused//
Since 2011. This is going to be our best July, Carlo, and its really across the board. We are stabilizing on the VIP side. We are growing on the mass and slots and its going to be a great July. //Macau rocking it//
Am glad you mentioned that. We are in construction on the whole south end of the original Wynn casino,adding two really spectacular spaces, introduce into the market for Chinese New Year, one year ahead of Cotai. We closed half of that casino months ago, and started a very expensive $60 million. In order to make sure that Wynn Macau could hold its head up against even Wynn Palace, we decided to do this really gorgeous thing, which we are going to show everybody for Chinese New Year in January, one year before the Wynn Palace opens up, .// Did these #'s with part of casino closed. WOW!!//
1. It's printing money.
2. It's building a new money-printing press in Cotai. That one will at least double revenues and profits coming from Macau.
3. It's still in the running in Boston and Japan, and a win in either location will be significantly accretive, though of course nothing like the bump from Wynn Palace in Cotai.
4. The Chinese are perturbative, but clearly supportive of Macau's present and future success. They aren't going to shut it down, and they aren't going to stop people from bringing their money. The worst thing they could do to Macau is open another gaming town elsewhere in China, but there's no reason to believe that any of the actors in Macau would be shut out there, and that would just mean growth and easier access to even more Chinese gamblers.
So the question isn't why should WYNN go up, it's how the hell can you even think of it going down?
So what is your bid on an Aug 1 $195 Put?
With your confidence it should be well over $5.
The market is offering them for 3 cents each.
How often have you outguessed the entire market?
Maybe you need a different place to put your money, because this one is going to grind you to pulp.
So by bad you mean beating the estimated EPS easily, when there was a downturn in VIP customers due to regulatory #$%$ in China, where LV increased substantially over the prior year and where a company doing extremely well in Macau is readying itself to open Cotai in 2016...if by that kind of bad, then I am with you...geez, what can investors be thinking.
Bottom line: You're LOSING your 'rear end'....So ask yourself: Are you a WINNER or a LOSER?
I believe the first move was the correct one. Revenue was a miss. I had success with NFLX a similar way. First move upon earning announce was up then in the main market it crashed, giving me a gain. Good luck.