LUCK has been producing a very impressive
operational turnaround. EPS for the first 3 qtrs., netting
out the noise (various extra gains and writeoffs for
discontinued opps.), are around $1.25. The 4th qtr. should be
profitable, producing 98 "real" earnings of $1.40-1.50.With
the Iowa hotel open for all of '99, and adding
roughly 30-45 cents in eps. and the Coahoma hotel opening
in Apr., and adding roughly an additional 40-50
cents in eps, it is easy to see $2.20-2.50 in eps for
'99. If the co. can refi it's LTD from a current 11
7/8% to 9 1/2% or so (for a B+ credit), it is easy to
see another 60-80 cents in new eps for 99. The co.
has tax loss carryforwards to shelter tax liability
for roughly the next two years. A sharply improving
earnings stream, $7 per
share in cash, and no analyst
coverage produce a very compelling value in my
As some may know, ISLE's biggest shareholder Bernie
Goldstein is part of a trust which is LUCK's partner in
Caesars At About $3 Billion � ByVolume
Starwood Seeks Sale of Caesars At About $3 Billion
Wall Street Journal; New York; Feb 5, 1999; By
Starwood Hotels & Resorts
Worldwide Inc., in an about-face, is looking to sell its
Caesars casino operations, according to people familiar
with the company's strategy.
Caesars owns and
operates 11 casinos in Las Vegas, Atlantic City, N.J., and
around the nation, and Starwood is seeking about $3
billion for them.
The move would be a change of
direction for Starwood Chairman Barry S. Sternlicht, who
has been saying for the past year that Caesars isn't
The gambling business has been in
the doldrums, due in part to an oversupply of casinos
in Las Vegas. Starwood's ownership of Caesars has
been a factor depressing the company's stock
Jim Gallagher, a spokesman for Starwood, noted that
Mr. Sternlicht has previously said he would review
the performance of Caesars after operating it for
about 18 months, and might consider selling at that
time. Those 18 months aren't up yet. But "it's pretty
well known that we're disappointed with the gaming
business's performance in 1998," Mr. Gallagher
Starwood, based in White Plains, N.Y., acquired Caesars
about a year ago in its purchase of ITT Corp. Starwood
has considered spinning off the gambling operations,
but the tax consequences of such a transaction are
too daunting, say people familiar with the strategy.
They also said cash raised in a sale would probably be
used to pay down Starwood's debt, which the company
hopes to refinance.
Park Place Entertainment
Corp., which consists of Hilton Hotels Corp's recently
spun-off gambling operations, has already expressed an
interest in buying Caesars. Arthur Goldberg, Park Place's
chief executive, visited Mr. Sternlicht to discuss a
possible transaction several weeks ago, the people said.
But the discussions haven't progressed, and Starwood
hasn't received any bids for the properties from Park
Place or anyone else, they said.
meeting with Starwood was reported by the New York Post.
Mr. Goldberg didn't return a call seeking comment
It isn't clear exactly what Starwood paid for
Caesars, because the ITT purchase included all of ITT's
hotels, casinos and other assets. Mark Mutkoski, an
analyst with BT Alex. Brown, estimates the value of the
Caesars operation at as much as $2.8 billion. "I wouldn't
be too happy with anything less than $2.5 billion,"
Love and Kisses from Ms. Capri �
ByVolume.by: Leonardo_Bazzani (43/M/Siena, Italy) 1327 of 1327
Ho ottenuto il vostro messaggio. Oggi siamo molto
occupati al ristorante. Comunicher� domani. Siete
italiano? Farli soltanto parlano italiano?
More Valentine's Day
If You Love Isle of Capri Then I Love
Love and Kisses
Leonardo_Bazzani � ByVolume
looking at the future..by: Leonardo_Bazzani (43/M/Siena,
Italy) 1317 of 1328
I am quite satisfied with
today�s performance. We can expect it to continue,
hopefully through the end of the year. I feel there is no
need to be glued to daily performance. Everyone acts
like a trader, I feel investing is looking at the
Sono d'accordo con voi. Guardiamo grande l' immagine.
Mi stanco dei dilettanti. L' investimento sta
guardando il futuro. Leggere prego il messaggio
ByVolume: Leonardo, I agree with you. Let us look at the
big picture. I get tired of the Amateurs.
Investing is looking at the future. Please read message
1325 ISLE Big Picture � ByVolume�Feb 5 1999, 8:58AM
ISLE Big Picture � ByVolume
Hotels & Resorts (HOT) may sell its Caesars casino
operations, according to the Wall Street Journal on Friday.
Caesars owns and operates 11 casinos and Starwood is
seeking about $3 billion for
Major Market Indexes
Miscarriage Terror For Cindy
�������.. Moving Averages (weekly and monthly Moving
are at the base.
Caesars Casino �
Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT - news)
is looking to sell off its Caesars casino
operations, according to people familiar with its
The Wall Street Journal February 5, 1999
Seeks Sale of Caesars at about $3 billion
Instead of worrying about inflation, Fed Chairman Alan
Greenspan has concentrated on promoting economic growth.
How long can U.S. resist global ills?
Surprisingly resilient, America manages to thrive on
By Michael M. Phillips
THE WALL STREET
WASHINGTON � Federal Reserve Chairman
Alan Greenspan has sternly warned Americans that the
U.S. cannot remain �an oasis of prosperity� amid
global economic turmoil. Sounds wise, but is it true?
Glitches dog E*Trade for second day
attention on reliability, liability of e-brokers
Despite assurances Wednesday that the problems were
fixed, online brokerage E*Trade again reported an
extended outage Thursday.
CNBC STAFF AND WIRE
Feb. 4 � The flood of trading at online
broker E*Trade Group Inc. slowed to a trickle again
Thursday, as technical glitches prevented customers from
buying and selling shares for the second straight day.
The outage was not just damaging for E*Trade though,
as it focused renewed attention on the reliability
of the Web as conduit for stock trading, and on the
liability of online brokers when service is interrupted.
Technical Analysis �
ISLE has a Earning per share = 50
Source: Investor�s Business Daily
Market look weak, cut your margin debt and poor
Please read the
128 The Market Makers:
May 15 1998, 12:48PM EDT,
ByVolume: ISLE technical picture looks very
Wall Street Directory - ByVolume
February 05, 1999
On-Balance Volume (OBV)
OBV was created by Joe Granville, the father of OBV
analysis. This is a running total of volume that relates
price changes and volume and shows accumulation and
The classic OBV is calculated by
ADDING today's TOTAL VOLUME to a cumulative total when
PRICE CLOSES HIGHER than YESTERDAY'S close and
SUBTRACTING today's TOTAL VOLUME from the cumulative when the
PRICE CLOSES LOWER than YESTERDAY'S close. If price
remains the same, then the OBV is not changed. The actual
amount of the price change is irrelevant and only the
direction of change is significant for these calculations.
The classic Granville OBV was improved by Larry
Williams who compared DAILY CLOSING PRICE to DAILY OPENING
PRICE (rather than to previous day close). Williams
further refined the OBV by calculating a weighted
percentage of volume.
This indicator defines trends
by showing underlying strength of price movements
over time. A solid price trend is assumed to be
accompanied with a stronger volume movement in the same
direction. OBV analysis assumes that volume trends lead
price trends and that OBV changes generally precede
Look for divergence or
non-confirmation between price and volume movements. A stock that
is trending in an upward direction and starts to
experience higher volume on days of lower closing prices
usually indicates an end to the current trend. Look for
changes or breakouts in OBV trends. Sell short when the
OBV makes a downside breakout and buy long when the
on OBV upside breakouts. See Chaikin Oscillator for
further refinements to the OBV.
THE MOST BULLISH LOOKING CHART
by: ByVolume 110 of 1320
(From Daily Stock Market
Timing for Maximum Profits by Joseph AE. Granville, Page
�Long-term declined followed by a breakout
pattern is mentioned first because it is capable of
producing the greatest capital gains. The pattern is
exactly as described, a long term decline (the longer the
better) followed by eventual bullish reversal above a
previous declining peak. The stock gains an upside impetus
commensurate with the duration and extend of the previous
decline. The theory here is that the stock has been so
utterly oversold that upon the first evidence of a turn
for the better the stock will advance at a greater
rate than it previously declined. Let me add - MORE
GAINS OF 100% AND BETTER OVER A SHORT PERIOD OF TIME
HAVE SPRUNG FROM THIS TYPE OF CHART FORMATION THAN
FROM ANY OTHER. (A successful parlay of ten such gains
can turn $1,000 into
Just for those who cannot locate the book in the
Until then "KEEP AN EYE
ON THE VOLUME"
Posted: May 11 1998 9:27AM EDT as a reply to: Msg 1 by
ISLE High Volume and Price Month After
Will it Last ?-SLV
by: SeLL_VoLuMe (37/M/San Jose,
Costa Rica) ISLE message 1311 of 1315
At last you
are right. Today it was a good move. I had to cover
my short near the close. Will it last or will it go
through the same old routine? ..Regards�.SLV
Posted: Feb 4 1999 4:59PM EST as a reply to: Msg 1305 by
1.. 4-Feb �.1875�.4.750�. ? �.
2.. 27-Feb�.1949�.2.875�. 2.875�. 0.00%
3.. 29-Apr�.1965�.3.375�. 4.000�. 18.52%
4.. 6-Mar �.2032�.3.000�. 2.813�. -6.25%
5.. 4-May �.2056�.3.781�. 3.500�. -7.44%
6.. 17-Feb�.2119�.2.563�. 2.875�. 12.20%
7.. 31-Mar�.2122�.2.813�. 3.500�. 24.44%
8.. 16-Jun�.2188�.3.750�. 3.625�. -3.33%
9.. 8-May �.2779�.4.000�. 3.375�. -15.63%
10. 31-Aug�.2809�.2.344�. 2.563�. 9.33%
11. 23-Feb�.2909�.2.625�. 2.813�. 7.14%
Average change after a month = 3.90%
ByVolume: SLV, we have the institutional support (research
by Wasserstein) good relative strength and still
short covering. Black Hawk Casino future is better than
expected. Only unknown factor is the new Casino deal.
Market players� feel it is good for ISLE.