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Melco Crown Entertainment Limited Message Board

marketmaker79 2 posts  |  Last Activity: Jul 6, 2016 4:20 PM Member since: May 1, 2012
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  • Reply to

    Complete divergence from all other Macau operators?

    by dthe98 Jul 6, 2016 11:27 AM
    marketmaker79 marketmaker79 Jul 6, 2016 4:20 PM Flag

    The "growth" that was anticipated once made MPEL look cheap relative to it's peers. Now that reality has set in, it's the most expensive of the group and lacks the diversification the others provide. Packer bailing doesn't bode well, while he was silent, the backing of the Crown was substantial to securing financing.

    Factor in what should now be obvious to everyone, a massive portion of VIP revenue was money laundering. That business will most likely not return. $10.00 is a fair price for MPEL to account for the risks associated with it. WYNN/LVS/MGM all offer a better risk profile at this time, imo.

  • Reply to

    Cash level tumbles...

    by keltus1952 Jun 21, 2016 10:08 AM
    marketmaker79 marketmaker79 Jun 22, 2016 9:48 AM Flag

    No brainer - You have $9.00 in cash per share and positive income stream, yet the market gives ACOR no credit for the $9.00 in cash. The cash sitting there was clearly better used for acquisition. The question that will need to be answered is if they made the right acquisition?

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