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.
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.