I think MOST people would WIN if MPEL goes higher. MPEL has a history of upgrades and yet tends to go lower. That does not make sense.
With Macau still being a hot market, its price should be at least $14 right now. Yet, it's not happening, even after two great consecutive quarters of profit.
If the owners and management team of this company want to, they can easily take this stock up to $20 fast and furious. By observations of their actions since the the very first IPO, I don't think they WANT to! Right now, they rather keep the price undervalue so they can tease newbies into feeding them money for constructions of what they want to build. I think they think $10 per shares at 1,000 shares is in no difference to $5 per shares at 2,000 shares (just an example). Regardless, they get the same amount of money and will be very rich when they decided to take the stock higher, especially Larry.
In theory, this company could be the main culprit to why mpel's "stock price" going no where after 6 years. They could be the one who pays the journalists to write bad reviews to maintain the price movement. I know, it might sound ridiculous to most of you. And don't get me wrong, I am long and just can't understand why MGM is worth $14 and MPEL is not(just one example).
Anyways, good luck to everyone and feel free to chime in and educate this disappointing and losing shareholder.
great point....you know if you look at what happened on the CC the only negative if u can call it that was not announcing tables yet at MSC
The bullet points were Great quater Great profit with normalized win rate Great mass percentage upswing Met analysts expectations Occupancy rates raised again for the quater to 92% Room rates increase 12% Cotai Central opening which will be a massive spill over boost on to City of dreams and Cotai itself The migration on to Coatai that is slowly coming just look at SJM yoy and wynn.