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Linn Co, LLC Message Board

cliffvb 7 posts  |  Last Activity: Jul 22, 2015 12:18 PM Member since: May 17, 1999
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  • Reply to

    Court Judgement?

    by greg_m_thornton Jul 22, 2015 11:43 AM
    cliffvb cliffvb Jul 22, 2015 12:18 PM Flag

    I checked and court hearing starts at 1:30 pm Chicago time. There are numerous motions to be heard so it looks like it will take most of or all afternoon.

  • CZR is giving back nearly all of its huge gains from yesterday. Looks like that motley fool article yesterday was on the money as it predicted this. If the bankruptcy court goes against Caesars today it could also be much worse, even driving CZR into bankruptcy. Anyone hear a decision yet?

  • Reply to

    DOJ should be investigated

    by mainejeff Jul 1, 2015 2:17 PM
    cliffvb cliffvb Jul 1, 2015 4:00 PM Flag

    Plane manufacturers took orders for twice as many planes as they delivered last year. This DOJ action also is odd as it coming on the heels of recent price weakness for the entire airline group due to analyst concerns of overcapacity and lower fares. I smell a big $$ penalty being sought. The greed of this government knows no bounds.

  • Reply to

    Is Ch.11 possible for CZR?

    by kimdeaton1 Jun 17, 2015 6:59 PM
    cliffvb cliffvb Jun 17, 2015 9:56 PM Flag

    Paulson knows he's stuck. If he tried to sell his shares, he'd drive the price further into the ground. He's just hoping for the best. Sometimes even the big boys make mistakes.

  • Reply to

    What events triggered the drop?

    by dressedtoinvest Jun 2, 2015 12:03 PM
    cliffvb cliffvb Jun 2, 2015 12:09 PM Flag

    There was a bloomberg article yesterday about a judge's ruling along with comments that CZR itself may have to file bankruptcy itself if the creditors are successful. If that happens, it is pretty much game over for this stock.

  • Reply to

    why is

    by muckahoy88 Jun 1, 2015 4:19 PM
    cliffvb cliffvb Jun 2, 2015 9:00 AM Flag

    Good question. Another good question is how did Loveman get a huge increase in compensation last year while at the same time the company posted mind boggling losses? Loveman's total compensation jumped from $7.6 million in 2013 to $32.6 million in 2014. The answer is that besides being CEO he was the chairman of the executive committee and also the chairman of the BOD. His main concern is to take more money from the company before he drives it into the ground. No wonder he's hired a security firm to guard him and his family, again at stockholder expense. I'm sure there are lots of laid off employees and screwed over debt and stockholders who would love to get their pound of flesh off the bum.

  • 1. Judge only gave CZR 2 weeks to come up with a new bankruptcy plan. Caesars had requested 6 months.
    2. Judge is allowing creditors to fully examine Caesar's questionable prebankruptcy actions such as transferring assets out of CEOC before they filed for bankruptcy.
    3. Steve Wynn in Wynn's conf call said strip business in Vegas and lousy and expects it to get worse.
    4.Nevada gaming board announced March strip revenues were down over 9% from a year ago.

    Not a good day for Caesars and I'll remain short.

5.61-0.20(-3.44%)Jul 27 4:00 PMEDT