Was LVS....Las Vegas Sands....does this sound familiar
Shorts kept blasting how much debt the company had and that they didn't have enough liquidity to make it till the company returns to profitability.....The company owed 13 Billion in debt!!!!
Stock was low singles....A new Casino was going to open in 6 months in Singapore...and to address the liquidity issue the company issued shares ( half was bought by the Majority Shareholder) and gave LVS what I believe was 3 Billion.....
Right away analyst attacked the offering saying it wouldn't matter ( How does it not matter I used to write...3B finances till 2016.) ...shorts said it wouldn't matter ..... Bankruptcy was Imminent.,,,stock was 2.25!!!!
Stock shot up to 2.75$ When a female analyst...can't recall who put a 7$ price target...Cramer came on air and said use the rally to sell..and that the analyst in question should be fired for making that recommendation!
- LVS hit 50$ 18 months later ( round 55$ today)
- Cramer said sell at 2.75$ but said it'll probably hit 25$ when the stock hit 20$
- The company today doesn't owe 13 Billion...it owes 15 Billion!
- All the shorts on the board just stopped posting once the stock was over 20$
Sorts stick to one issue and never noticing all the changes a company makes...just concentrating on the original thesis!
Rimtards love to find totally unrelated businesses and use them as road maps to BBRYs future share price for no reason. They refuse to use companies in the same sector, selling the same products in the same markets to deduce the company's value. This has been the case since $65 per share.
bump, just like Porsche/Volkswagen, Tesla, First Solar and many other stories.
In BB's case, it doesn't even have debt, a lot of cash, and billions worth of patents, technology, technology and enterprise footprint.
This could end in real tears for shorts shortly. Haha, love the sound of that.
@alex, one of the few contributions with substance! thanks for sharing this experience. We should thank shorts for their existence, because they do give us great opportunities from time to time, even though their "minion groupie bashers" can be a massive pain in the neck and you just want to smack them hard.
Sentiment: Strong Buy
I remember LVS well as I bought a boat load at the $5 range and still hold a majority of it. My 3 kids will be going to college of their choice. They are only 10, 7, and 6 now so maybe they will buy their first home with the extra. I saw the same opportunity with bbry. This will be my next fortune.
Sentiment: Strong Buy
I think you can sell it now....it's pretty much played out...I don't see it breaking much higher than 60$...and if China ever hits a rough spot you can easily see 35$.... Time to move it into something else.... I got RIMM , TBT and FCE.A ..... latter two way safer than LVS.