defunct, I guess Toby got my reply pulled because I blamed him for starting all this. Basically what Smaycs said.
What does Macquarie Capital bring to the table that Lyle & Tim cant do on their own ?
Shouldn't the strategic alternatives have happened a year or so ago ?
No offense CNO and this isnt an attack but are you really implying that a couple of yahoo message board guys forced management to hire a banker. If so I am scared that management listened....Maybe Berman and Cope are at a loss of what to d since they can't seem to invest in a profitable entity. I think shareholders are tired of money losing ventures....The management team has a responsibility to do whats right by shareholders...So if the gaming market is awful and not projected to get much better why throw good money after bad. I dont marry stocks...announced a special distribution, unlock some value --the market tone NOW allows something to get done. We dont need to continue to pay these exorbitant amount of fee's, salaries and G&A costs to sit idle with cash making less thean 1/10th of a percent.
and Jose, nobody would make a bet with you because you require the money upfront like a true scam artist. The bets you agreed to with me you lost, every single one of them, and you never did what you said you would do since you are still alive.
Don't butt in where you are not wanted. In other words, toss your computer.
no, the message is, invest in this stock for the right reason. You and the others created a situation that put management in a spot where they have to waste some of that money now on an investment banker. You should learn how things work and speak when spoken to.
Cno, dividend, sell assets, merge whatever. There is an expression for the
message I was trying to send to management. "Shoot or get off the pot."
So far it is working.
Sentiment: Strong Buy
toby,,you got it CNO got his ussual 500 share position..HE THE BIG GUN WITH NO BULLETS,,HE WELCHED ON A 25,000.00 BET REAL BIG MAN HE HE HE ,,,WE SCORE HERE JOSA IN POSITION WITH 2500
I don't think Macquarie capital would ever be considered a "big gun". You should buy a lot of stock today Toby if you think that is a "big gun."
What happened to you wanting a dividend? Now you want full LACO stock value. Make up your mind old man.
All the shareholder complaints have alerted LACO to hire a big gun so as to
realize full value for LACO assets. Macquarie Capital is a global company with lots
of big city offices and business connections. Just hold on. Full LACO stock value is
Sentiment: Strong Buy
That's a good idea.. If this happens, our stock will be trading about $2.2 post dividend. With Rocky Gap projected to earn $20 M less $8 corporate expenses, that is about 45 Cents per share. All in a sudden our PE ratio will improve to 5 . Then maybe the stock after the dividend will trade higher than $2.2.
At this point I think that would be best case scenario....especially with how much stock Berman and Cope own they would be a large benefactor. Like a lot of small cap cash rich plays if you hang around long enough something happens at some point if cash burn doesn't destroy the company....Look at MSN after announcing another special divy - they have some of the worst executives on the planet running the company. I think management ... unfortunately is extremely inefficient nor transparent in the way they conduct business. How that can't comment on how the other partnerships they invested in is an atrocious way to build trust and like I said previously...with the awful performance of the stock relative to the overall environment if the numbers were good they would be showcasing it at every step.
Good point. Thanks. for the post. In the past-pre gaming- they say Rocky Gap Hotel filled all 200 rooms with weddings. Building on the the existing hotel might be wise. At present the most traffic is coming from a 60 mile radius which is from Marland and Pennsylvania, Altoona, Johnstown, Holidaysburg, Bedford, etc. There are also buses from coming from Balt.and Dc..Year to year trend is up.Their is lots of competition in Maryland Live and the new Baltimore casino. I believe or hope the new Laco investment- 70 Million- will generate revenue and income to make this stock move.But maybe I'm nieve. Been accused of that before.
A year ago this week, LACO received a $57m check in settlement for the Redhawk
casino contract. In the past year this investment has earned less than $100K of
interest. This comes out to .002% annual interest. In the words of Tim Cope, commercial
paper interest rates are lousy.
Considering other regional casino losses, miniscule earnings are probably the best
return on investment for casinos available at this time.
As a shareholder I can invest much better than.002%. How about a $2.00 per
share special dividend to current shareholders. There are 28m shares outstanding
so $2.00 a share dividend calculates well. Plus this distribution will not affect
current assets as RG, Ohio, and Jamul.
I suggest a long string of comments on this blog.
Sentiment: Strong Buy
If you heard the conf call foot traffic is under what was projected....They expected to attract more patrons from the metropolitan cities and its not happening. They even used the word competition....I don't know if throwing more money at this makes sense
At least LACO got a million back out of the deal in April....Management should really do shareholders a favor and start paying special dividends.
Another great one from Jose. What should the people you talked into buying at 50 cents do now.
Between ROBK and FGMGQ the Josejosb Manure Stock Picks Contrarian Fund is having another record year. You have had 9 stocks go bust this year. Great job.
The owners were reported to have had some legal issues in Argentina and Brazil plus they blew all that money in Florida and didn't even get 1 million a month in slot revenue.