Agreed.. no special dividend.
Not only did last year's SD tie in with the tax boost for 1/1/13, but it was also the first SD that LVS has ever done... meaning that they don't have a habit of doing them unless there's a good, tax reason.
They also bumped their regular divvy substantially, and appear to prefer that distribution methodology.
Like the REIT-spinoff idea, the concept of repeated special dividends is not in alignment with their stated, and practiced, business strategy.
Venetian's poker room is nice... and BIG.
Is that where you usually play?
Venetian's DD BJ is sweaty, so I usually play at Palazzo if I play at a Sands resort, since it's more relaxed and I can sometimes bump my spreads to 4x2-to-1 without them paying much notice.
Leads me to wonder what kinds of stories could be told about the smaller junkets who aggressively lend to VIPs of more shady repute.
Private lending is very relevant to macau gaming due to the big loans made by junkets to VIPs that gamble sums that are way beyond what can legally be broght with them to Macau.
Blitz, I've got a question for you:
On the ACAS board, you posted thoughts on ACAS's "Senior Preferred Equity"... $6.? billion or so issued in the past 12 months.
I would like to get more info on that, but can't find it, and apparently you HAVE studied it.
Can you tell me more about what you learned, and where you found the info on that?
A Rasmussen poll came out today. It asked people whether Obama Lied about Obamacare... or not.
46% said he lied, and 45% of respondents said he didn't.
Now, if memory serves, Mr. Obama APOLOGIZED on NBC for telling people they could keep their existing insurance, when, in fact, they CANNOT.
What are the 45% who said Obama didn't lie SMOKING??!!!
THIS, people, is why America is in so much trouble these days... with deficits, unemployement, out-of-control government spending, and the world's highest taxes...
... our heads are all buried in the frigging SAND!
We've all heard the stories of Obamacare Doubling, and even Trippling the cost of health insurance for Middle Class americans. Once you include the higher deductables and annual out-of-pocket on the Obamacare Bronze policy that they're trying to force me to buy, Mine has Trippled in Cost.
The other people getting hammered by Obamacare are young americans. Since they will also end up responsible for paying off the Gigantic Deficits that Obama has rung up, their lives are essentially being Ruined by this Administration...
... and back in 2008 and 2009, when all the lies were first being told, young americans were some of Mr. Obama's strongest supporters!... now THEY"RE the ones who are getting screwed the WORST.
At least Hillary Clinton came OUT and said she wanted the "individual mandate" that is hurting all of us so much (during the debates)...
... but all Obama could do was lie about it all, and tell us we could keep our existing insurance.
I just learned today that my Obamacare Bronze policy will require me to change my Doctor. I've never BEEN this angry about anything in politics in my ENTIRE LIFE!
Kinda, I put a moniker on Ignore over a week ago that was Tony impersonating You.
I subsequently saw a post by you admonishing him, and the insinuation was that he was harassing you in a huge way.
Sorry to see that Yahoo's intransigence toward the magnitude of Mayhem unleashed by someone who is as out-of-control as Tony results in the destruction of reputations like that...
... and yours has been one of the best over the years.
GLTY, my friend, and sip a glass of fine Sonoma Merlot for me on your next trip up that wonderful valley.
Apparently, you didn't get the memo, Mr. Goodman.
A poster on this board named "tony" shot up too much Meth and went completely Crazy about a year ago during the presidential election. He subsequenty turned this message board into a purely political venue.
You'll note that he pounds hundreds of 1-letter posts into this board daily, dredging up political posts from months ago and flooding page one with them. Most of his monikers begin with "obamahussein", but he also impersonates legitimate posters with upwards of a dozen new alias's per day, created strictly for the purpose of mayhem and harassment. He has rendered this board completely useless.
All of the people who used to post LVS infor constructively on this board have moved to other venues. The adr board is good, as is the momo board.
Looks like he broke out... when I visit the LVS board, it's a solid stream of indications of posts by ignored people.
If Tony O.D.s on his Meth habit someday, I wonder how much grey matter they'll find when they cut his tiny little racist brain open?
We all remember how he forcibly redeemed Mr. Okada's shares in Wynn for well below their market value.
Any word on whether Okada will get his day in court?
I respected Steve Wynn... until he screwed Okada over like that.
It's a shame that Mr. Wynn would do something like that.
We all remember the Good Intentions when Ronald Reagan created the "Earned Income Tax Credit".
The goal was to supplement low incomes with a cash credit, so that people would choose to work, rather than remain dependent on the world's most extravagent Social Welfare System in the U.S.
Instead, the abuse skyrocketed, as people would declare just the right amount of income "above the table" to maximize the EIC payment, and work for cash under the table for the rest of their labors.
Now, we're hearing where early Obamacare enrollees are doubling their efforts to hide income, and maximize their Obamacare subsidies... and claiming they are non-smokers when, in fact, they're blowing a pack a day.
Well, we Middle Class Taxpayers working our buns off at 2 jobs are the ones who are watching in horror as Obama cancels our policies and crams us into expensive, Obamacare policies that we don't want...
... to PAY for all those people who are getting their Obamacare "Platinum" policies for a FRACTION of what we're being forced to pay for our "Bronze" policies.
And if you don't Obey Obama?........ well.... that's what those 16,000 new IRS agents are being hired for, now isn't it.... and they KNOW where you LIVE.
Kind of like what Alaska used to do with Oil-related tax revenues for so many years.
Populism takes many forms.
His #3 point appears to be paying homage to the idea that LVS's PEG ratio is healthy and under 1.0...
... except for the fact that he's expressing it with EBITDA instead of EPS.
No problem. Repetition is good when it's relevant!
Obama's only significant legislative achievement is a Total Disaster...
... ObamaCare... the "Affordable (sic) Care Act".
I come to this board only for amusement now, kinda, and to re-post anything meaningful that anybody sticks out here to a more constructive venue.
Nowadays, there's often nothing on page 1 but ignore notifications, except when a new alias appears, which I then also put on ignore.
As a result, anything that ISN'T on iggy sticks out like a sore thumb.
@ zeit: You are correct, in that an investment in ACAS right now is an investment in "potential" (eg: faith in management to improve the company in the future).
Their plans to hold, rather than syndicate, debt issued to 80%+ equity operating companies is one such new endeavour.
The problem that I'm having is that as we've gotten deeper into the overall economic recovery in 2013, ACAS's improving NAV momentum has stopped, and virtually flat-lined at ~$19.50 without a boost from share re-purchases.
It would help if NOI were on the upswing, but that TOO is the worst we've seen in quite awhile in both Q2 and Q3.
Like you, I hope ACAS can start making progress toward it's potential...
... but right now, things are getting worse, not better, than they were in 2011 and 2012, and the big PPS discount from NAV is evidence of the Street's disappointment with that.
Again, sometimes there are bacteria in hospitals that can't be killed by anything but the most potent anti-bacterial agents.
Yahoo is simply unwilling to expend the effort and money to eradicate bacteria like Tony, so count on him continuing to shoot up and run amok on this board. Yahoo permits filth like him, so get used to it.
Kinda, Yahoo has no interest in policing these boards. This "application" is purely a "cash cow" for them now, and they've given serious consideration of jettisoning it.
As a result, they will never go after sewage like Tony at the source... they will only block a particular alias, and only on the rare occasion at that... and, of course, a harrasser like Tony who is hell-bent to conduct mayhem, will only crank out alias's and imposter identities all that much faster.
Give it up, move your constructive communication to other venues, and accept the fact that a POS like Tony will ruin this board for any meaningful purpose until the day comes that he ends up permanently in a mental institution.
.... the EMPLOYER mandate nails us.
The "Individual" mandate is currently HAMMERING Middle Class Americans with double, and even TRIPPLE the cost of an Obamacare policy, while idle americans are lying about their income and smoking habits to maximize their huge subsidies and Unions are clamboring for the same exemptions that Obama's buddies up on Capital Hill are enjoying.
But the "individual" mandate is only clobbering 15 to 20 million, hard-working, Middle Class Americans...
... the "employer" mandate is going to clobber over 100 million, hard-working, Middle Class Americans!!
My policy in early 2010 was $196 a month... and then Obamacare started impacting it.
Now, they want $589 for an Obamacare "bronze" policy that is WORSE than the one they are cancelling.
Meanwhile, my brother in law, who QUIT his job last year, is signing up for an Obamacare "Gold" policy for less than ONE FIFTH what they are asking me to pay!!
This whole thing STINKS TO HIGH HEAVEN!