REIT Spin-Off Option Must Be Closing In~~$85 On News
Allll things said, there are many ways to propel this stock's share price. One would be earnings, which we ALL know will be good. Another is a spin-off of just the Singapore properties, which Barron's and others value at an extra $5-$7 for the stock and lastly a complete spin-off of all properties into a separate REIT which would give shareholders an extra 50% - 60% increase at least from these levels.
Let us not forget that although CEO Sheldon Adelson has been against a REIT spin-off, citing that it may "hinder the stock share price long term", he admittedly stated three weeks ago, "we are considering all of our REIT opportunities". The board loves the idea according to Land & Buildings CEO Jonathan Litt. He (Litt) has said on several TV interviews that the only one standing in the way of a REIT spin-off is the "man himself".
It's been almost one year since Litt stated on Bloomberg (remember him presenting the "LVS $85 per share" hat) that his largest holding was LVS and that the attorneys and board members were on board.
Please explain what tax advantages are offered by foreign states to companies organized as REITs or are they subject to standard tax rates? What about EuroVegas plans, how would that be affected? How well-versed are you (or Litt, for that matter) in Asian corporate and tax laws? I'm frankly inclined to back SA on this issue until there is greater clarity on the matter. You might be opening a big can of worms in asking to renegotiate new deals with government entities who could misunderstand LVS intentions. You're treating LVS as a purely corporate America play which may be mixing apples and oranges with a few durians thrown in for good measure!
Wonder.alice,,, do you work for j. Litt,, or are you related to,, or have ties to the land and building co.. it seems you know a lot about the reit spinoff !! just wondering ,, just wondering alice thats all !!