I'm glad to see this message board. It's frustrating to not get the research and the wholesale opinions available to us on other Yahoo stocks. Where do we see the company going in relation to earnings for the coming year? This stock has been so good but been dragging since the ITT talk and acquisition. Do we buy more now at this price even though the PE is over 70???
I have the same Zip Code. I would like to know
more about Steve Wynn being a major stock holder of
Starwood. How that came about may be an intersting story.
Thanks for the info.
P.s. we ARE sweating bullets
waiting on the outcome. Problem is we really don't know
who to cheer for, as long as it isn't Starwood.
It's a done deal. Steve's a major shareholder of
Starwood and has the inside track. Have you ever played
the game Monopoly? Well its the same concept but more
realistic. He wants the D.I. golf course as well as
connecting the monorail to all the properties.The 3 billion
price tag is a steal!! These negotiations have been
going on since last year. Got to say that the baccarat
employees will be sweating now.
Weaken Caesers by manipulating
Barry Sternlicht, the new kid on the
Stall all the development plans for Caesers Palace, a
long-term competitor to all Mirage properties. Prolong the
deterioration of Caesers.
Kill or significant delay the
an impossible price and valuation for Caesers. Kill
immediate PPE/Caesers transaction by building Barry's
Give a big CARROT to Starwood shareholders and Barry
followed by prolonged negotiations and due diligence. In
the meantime consolidate Bellagio and capture the
High Roller market. Entice Barry into believing that
it cost NOTHING to shop for a higher price, like a
typical Real Estate transaction.
LOSER - Caesers & PPE, WINNERS - Mirage &
Mirage will back out after prolonged negotiations. PPE
will negotiate even further and reduce its offer.
Barry will look bad to cave-in to a reduced offer from
PPE. MGG might be the new prospective buyer. Barry is
back to square one.
Barry is a newcomer and may
not realize that the delay and weakening of Caesers
will seriously hurt the future valuation of
Barry is not familiar with the casino business and the
deterioration of casino assets and the irreversible erosion of
customers and revenues.
Caesers is slowly getting
dysfunctional with all growth and new development initiatives
on hold. Peter Boynton has no authority regarding
NEW growth plans but is responsible for all the
Steve Wynn, bitter due to poor returns at his Las
Vegas properties, has decided to use Donald Trump
strategy of weakening his competitors.
His ploy is
to throw a carrot at Starwood and effectively stall
the Caesers sale indefinitely. He ca always back out
after prolonged negotiations and due diligence.
He has vested interest in stubbing the growth of
Caesers and Hilton/PPE, until he has consolidated the
High Roller market.
Wynn plans to establish an
impossible price and valuation for the Caesers World. barry
Sternlicht's high expectations will kill any ttransaction with
PPE. Once Barry Sternlicht bites on Steve's gambit, he
will not look good going back to a lower price offer
by Goldberg, who in the future, might reduce his
price even further based on weakening of Caesers, after
going through the Wynn fiasco.
effectively kill or even delay the transaction indefinitely,
seriously hurting both PPE and Caesers/Starwood.
not expect a quick transaction, this is a Titanic
battle. Steve Wynn is desperate and has decided to employ
the famous Donald Trump gambit.
Barry is a
newcomer and may not realize that the delay and weakening
of Caeser's will seriously depreciate the value of
Caeser's earnings and the future price of the Caeser's
The Bass brothers, led in part by Richard
Rainwater, who was under their employ at the time, took a
very large position in DIS when Saul, Irv, and Roy
Disney (Roy O.'s son, Walt's nephew)were creating a
possible bidding war for the company. Their initial aim
was a quick short term profit, perhaps selling to one
of the bidders privately.
Roy Disney and
Stanley Gold (Roy's advisor via Shamrock Holdings)
brought in Eisner and it was Eisner who convinced the
Bass brothers to hold on to their shares rather than
sell them. It was a tough decision for them, but they
held and their interest, combined with Roy's and
Shamrocks's was large enough to fend off any raiders (I think
Saul was paid greenmail).
Eisner was right and
today, Eisner, Roy, the Bass Brothers, and even Sid's
x-wife Anne, are on the Forbes 400 as a result of their
Bass, PLC,....no relation to the
Bass Brothers....owns the Holiday Inn brand.
Incidentally, next time you are in Memphis you should play the
"Holiday Course" owned by Holiday Inn at their training
center. Fun course and cheap.