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?
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.
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.
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.