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Asia Entertainment & Resources Message Board

  • golf_war1_veteran golf_war1_veteran Apr 2, 2011 5:43 PM Flag

    I must have missed something

    What was it in the filing that caused little Mr. Retail to run away? Everything INCLUDING THE NEW SHARE COUNT was old news. Guidance was as expected, the Galaxy sounds like just a matter of time meaning that increased guidance will follow-business in Macau is great-cash is being reinvested so cage capital keeps going up-they are going to get coverage. It was all good news. The stock was cheap, now it is cheaper thanks to some not so bright investors who don't think the thing is worth five times this year's eps. Why? I don't have any idea. I'm just grateful to be able to buy the thing under $9 again. BTW, they said they could run as many as 12 tables in the new Galaxy. That is not going to happen right away because they need to build up more cage capital. But they only have about 24 tables right now. 12 more adds 50%. If you add 50% to current guidance that is close to $100M in net income. With the eventual 45M shares out that is $2.22 in eps or a 3.9 p/e with about $15M in quarterly cash generation and zero chance of fraud.

    Why did you sell again?

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