All these trading club morons posting utter nonsense about the Chinese govt's restrictions on "ultra cheap shopping tours" are ridiculous.
The shopping tour restrictions have nothing to do with the chinese govt's love affair with its own govt sponsored Macau/cotai gaming and tourism center. MPEL's results are stunning, the prpoperties are fully booked months ahead, and MPEL has powerful upside ebitda and earnings catalysts coming down the shorts throats at 100 mph.
MPEL is down with the market, but we ought to thanks these chumps for their comical stupidity.
MPEL up ovenight on the HK tape and ready to lead the Macau stocks higher as the DC bs eases. As for the uptra cheap shopping tours nonsense, notice how the credible publications suggest this will keep the riff raff traffic out of Cotai? They weren't going to buy anything or game anyway, and certainly not at COD which sees 70% of its gaming revenues from high end mass and the rest from VIP... so let the riff raff all go to south korea to shop.
meanwhile, it appears that even the dumbest of the moron trading club posters has given up the ghost now. ROFL
As I have been saying, MPEL is the best managed and best positioned Company in Macau, packs the biggest ebitda punch relative to footprint, is soon to be in Manila Bay and have Studio city ready to be THE ultimate showplace at the center of City of Dreams at the best location in Cotai. Additionally, while the stock has massively outperformed the group since our screaming buy at $12 less than a year ago, it remains the single best idea for the coming run higher. Our conservative pt for this year was recently raised from $30 to $35, and as momentum builds our first blush target of $40 for next year but likely gtting there by the Dec CC is likely to be prescient as well.
Shorting this stock is a great idea if you are retirded or part of a dip S trading club though. ROFLOL