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Las Vegas Sands Corp. Message Board

  • schneckden schneckden Feb 4, 2011 2:44 PM Flag

    4% interest on LVS debt isn't gonna last forever

    can't see this lasting forever either. a marginally profitable company paying 4% on over 10b of debt. come on. those overdesigned gaudy rooms in the palazzo would fetch cents on the dollar in a bankruptcy auction. all that cheezy molding. ridiculous carpeting. So LVS's debt is real. Its fixed assets are arbitrary and clearly priced much higher than they'd be worth in a dire straits scenario.

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    • You are assuming a dire straits scenario. They are no where near dire straits. They are paying down debt each quarter and making more money each quarter. Hardly dire straits.

      You could apply your logic to any company. If the world comes to an end, their assets won't be worth what they say they do. And neither will yours.

      GLTY

 
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