Makes sense now that a LBO is on its way with 35% premium to $16 then they convert to a REIT
come back public IPO after they break it up into REIT offering 2 seperate stocks hotel/casino and REIT. They realize private their real estate alone is worth more so makes sence to take private break it up then bring it back later for an IPO. Same thing LVS is considering for later this year. Anyway IMO the take out price will be $16 announced before end of March.
Jeez. The price is now less than when I first shorted in 2010. Since then we have had a raging bull market, debt refinancing, an alleged consumer/housing recovery, consolidation with mgm china, now online gambling but the stock has gone nowhere. How can anyone buy into this loser company?