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Melco Crown Entertainment Limited Message Board

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  • fbi4hire fbi4hire Mar 21, 2012 10:49 AM Flag

    52 week high

    If management didn't have such a bad history, this stock should be at $20 right now!

    Metaphorically speaking, mpel is like a pimple on Miss America's butt. It easily comes and goes, and it is sitting in a "hot" spot; yet, hardly anyone noticed. lol

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    • What do you mean bad history? L.Ho made all the right moves. He picked the right location, brought in the best show..dancing water, unlike cirque that flopped across the street. Acquired MSC to expand. What blows my mind is that MPEL hit 52 hit last year when P/E was over 900. Anybody here remember that? Now we have one of the lowest P/E and no where near the high from last year. I'm sure when we get there, we will not drop back to $8 because COD have the numbers to back it up this time.

      • 2 Replies to yan3kingdoms
      • Yan,

        I must disagree!

        "He picked the right location"--not for the first hotel--Altira Macua (formaly Crown Macau).

        "brought in the best show"--Burning $100,000 per day. I doubt we can make money on this show.

        "dancing water"--Free, and the entry and exit are away from casino.

        "MSC to expand"--Good if we can have casino.

        I am holding 20K shares and praying---casino, casino, casino!

      • Everyone knows Macau is one hot and sexy-trophy wife for Larry. Therefore, he needs to get those tables approved for the MSC project! Otherwise, she will end up stripping shareholders' wealth like many times before. I am talking about a drop from $16 to $12 a share in a heart beat.

        Anyways, for an inexperienced and learning CEO, I think Larry finally found the right helpers to get this company running better.

        Next resistance is $14.38. Choo... Choo!!! All aboard.

        Good luck, longs!

 
MPEL
20.63+0.18(+0.88%)Jul 2 4:00 PMEDT