It's all about the call. I have no doubt now that earnings were leaked last week.
This should be a good day for us longs.
Sentiment: Strong Buy
Well, I would say that they put into these earnings everything possible and the Q1 earnings should not be impacted by any one off charges. They are all in in the 2012 earnings. This should mean that Q1 will be in the black, the growth numbers in Q4 are decent, they managed to match revenue estimates, things for City Center look good too, refinancing is off table. MGM should benefit from all these things and should see a good 2013.
Keys take away from earnings release :
Brakeground next week for another casino nin Macau
500M special dividend
Return to NJ
Potential couple of new casinos in the Northeast region.
Vegas is firmly improving.
All of these points look good to me and and anything with online gaming will add big bonus to it.
I want to hear the guidance strong and it's a strong buy! If they don't guide well this is going down hard! If they guide well we might just sneak up 10% today.
$450,000,000 loss plus a $500,000,000 special dividend? Thats a lot of cash to walk out the door for a company so heavilly in debt. You think the run starts now? Why not second half of the year? Plus, this "no armeggedon" rally to all time record shattering highs in global equity indexes is going to lose some steam.