terrible conference call
*revenues have peaked
*trouble cutting more expenses (without hurting customer satisfaction)
*highly leveraged debt
*violation of debt covenants
*properties are declining (and being challenged by new destination type casino competition)
*Publicly stating they can not compete against the quality of Ameristar and Pinnacle
Conclusion: Management must go before our PPS starts to trade in the $3 range.
Come on fellow shareholders, let's demand management changes.