The "cash pile" isn't what it's hyped up to be.
$700B, $600B, $500B, $400B market caps are a joke! No company is worth that since it's not sustainable. Especially with a company that's just a fad.
when he mentioned the share buybacks.
Of course they will drive it down to benefit the big long-term holders like Wynn himself.
Only question is "HOW LOW?" $70 or $40?
It's on now. S&P easily held and the bear market will be confirmed.
Bear markets typically last 18 months. So look for the bottom of this bear market to bottom around the election! About 18 months from the 2134 S&P high.
That's why he raised cash recently.
Ackman is a BEAST!
A lot of people caught on the wrong side of the trade. They believed China, with its 5.5%+ growth rate, and the USA were going down for the count. LMAO!
Wynn is about to grow their China revenues 150%+ in just 3 short months. Then they will begin to build the most profitable resort/casino the US East coast has ever seen. A Wynn Resort in a major metropolitan area is bigger than most people realize. Those rooms will always be full with Logan so close by.
So much underground sports betting around Boston already.
Mass governor HAS to make it legal imo. Sooooooooooo much money out there chomping at the bit! And Wynn will be the biggest book in town! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$
This peon mayor claims Wynn will add 18,000 more vehicles on their congested roads. For a 600 room resort? How many rooms at Wynn and Encore Vegas? I doubt there's 18,000 cars travelling to them each day. Be nice if there was!
These small time mayors need to get their facts straight and improve their decades old traffic issues. Wynn can only improve their cities imo. They need to get out of their own way.
The latest clown, in Somerville, just caused the delay of hiring 4000+ new workers. Wynn wisely cancelled the job fairs and that puts the full blame on the Somerville mayor for halting all these NEW jobs.
Hey dummy, the State WANTS the tax revenue that crosses the state border and ends up at Foxwoods and Mohegan. And now one dolt is holding it up.
Brilliant move AGAIN by Wynn to shine the spotlight on this little peon mayor in Somerville. I bet his political career is over at the end of his term.
Perception is a funny thing. If this had been trading above $100 and dipped to $88 today, people would think it was cheap and jump in. Since it has climbed 76% from $50, they "think" it's "getting a little high".
Bottom line, the real estate is worth more than the debt and the earnings, in 4 just months, will be worth alot more that current market cap. $8-$10/share EPS takes this to $120-$150 comfortably BEFORE Boston casino. What a gift this has been to buy a piece of the great WYNN at such a steep discount.
Folks, he spoke his mind against Obama and survived 8 years with him as President. Steve Wynn will get along fine with Hillary or Trump. This is an unrealized positive for 2017 and beyond!
How dumb is the Mayor of Somerville MA looking right now?
They're already profitable without them open and their debt is on the books. Should easily earn over $100M in Q1. Their China revenue will jump 150% or more in just 4 months.
Stock is still a bargin!
It's a beautiful thing!