YUM had terrible earnings based on down Chinese sales..Usually it influences all Chinese stocks..Yahoo deleted my post so I tried it this way..Didn't put YUM in the heading..
I'm on the southwest side about 5 miles from the airport and nothing new..Water pools in low areas..Washes are working like they are supposed to..Some bad spots so be careful..Rain keeps people in gambling..
Do you realize just how many people are there and how little there is to do? Just too many people to bet against..
It may not be as good but not down almost 60%..Sands needs to fill the Parisian when it opens..
I said a couple days ago that I thought we were near the low..Bought some yesterday and stated that and most important is I said look for that large volume to buy and we got it today..Now let's see how high it can run..Where is Chet and the other Debbie Downers?
Looks like S&P 1860 is now a place to watch..Still no volume and heading lower..I hope the Chinese Government is proud of what they have created..Bought a few hundred shares at $36.95..
That means we probably go lower. Should be support at $37...Watch the volume and dive in when it jumps..Of course you all knew that..Shorts...Is it worth the risque for another $1 ?
REIT makes sense for MGM..
Jane is down at Tropicana..Talking next hour on Macau..
Analysts have already given their thumbs down for that to happen..Hope you're right..Hope is all we have till Chinese officials change their attitudes toward the casinos and give them help instead of reforms and regulations which impede revenues..They are learning to drive before they were of age..
Muppets should have gone away in May like the rich investor. Money Managers and hedge funds giving their investor a good entry point for October..Same old same old..Too far in to sell..Ride down the elevator since we only have one more floor to go..Chinese economy melting down..Nike sales in China a new record yet Ali Baba being taken down because "they" can on speculation due to lack of transparency. What are you going to do?
That's where the gaps are that could be filled but I'm not sure they will..I never trust Wall Street..Revenues need to turn around soon..Too much negative news about China..
The statistical ratings firm said it now expects Macau gaming revenue to decline between 33% and 34% in 2015, down from its previous forecast of a 29% decline.
Fitch Ratings said that gaming revenues in Macau are down 36.5% year to date through August, which reflects on the difficult first-half 2014 comparison, and pressures such as corruption crackdown in China that took a toll on gaming.
The ratings firm said that Macau's decision to loosen its visa restrictions "should produce some positive benefit, underscoring that Macau is willing to use certain levers to prop up its gaming-centric economy."
Fitch Ratings said it expects Macau gaming growth in 2016 to be "relatively flat," citing the positive impact of new properties opening in the region next year.
The lower 2015 Macau gaming revenue forecast helped bring down shares of casino operators with properties in the region, including Las Vegas Sands.
Separately, TheStreet Ratings team rates LAS VEGAS SANDS CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate LAS VEGAS SANDS CORP (LVS) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
46.52% is the gross profit margin for LAS VEGAS SANDS CORP which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 16.05% is above that of the industry average.
LVS, with its decline in revenue, underperformed when compared the industry average of 4.1%. Since the same quarter one year prior, revenues fell by 19.4%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Hotels, Restaurants & Leisure industry and the overall market, LAS VEGAS SANDS CORP's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
LAS VEGAS SANDS CORP's earnings per share declined by 28.9% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, LAS VEGAS SANDS CORP increased its bottom line by earning $3.51 versus $2.79 in the prior year. For the next year, the market is expecting a contraction of 26.5% in earnings ($2.58 versus $3.51).
The debt-to-equity ratio of 1.39 is relatively high when compared with the industry average, suggesting a need for better debt level management. Regardless of the company's weak debt-to-equity ratio, LVS has managed to keep a strong quick ratio of 1.55, which demonstrates the ability to cover short-term cash needs.
Macau gaming authorities plan to revise laws that regulate the high-end junket operators, which have come under intense scrutiny by the mainland Chinese government as part of an overall crackdown on corruption.
In a statement Tuesday, Macau's Gaming Inspection and Coordination Bureau said it would "seek to improve transparency" in the junket industry and ensure all personnel are suitable.
Junket operators have long been part of the Macau gaming structure. They market the casinos to high-end players, often utilizing private gaming rooms separate from the mass market gaming floors.
The move comes as junket operators — some of which are alleged to be influenced by Chinese crime triads — have been ensnared in the Chinese government crackdown. The anti-graft campaign has contributed to Macau's 15 straight months of declining gaming revenue. High-end baccarat has nose-dived in Macau and some gamblers are staying away until the crackdown ends.
Macau's regulatory agency plans to introduce new requirements on the funds and shareholder structure of junkets and tighter rules on accounting and auditing. Macau officials may require the junkets make public information such as the list of directors, shareholders and key employees.
J.P. Morgan gaming analyst Joe Greff told investors that action by Macau was in response to recent rising public concern triggered by the recent incident of a junket employee's theft of player funds.
The Dore Group, which brings gamblers to Wynn Macau, was the victim of employee embezzlement and may have lost as much as much $258 million. The theft did not involve funds associated with Wynn Macau.
Greff said the stricter requirements "would limit the junkets' ability to source capital to a degree, which could lead to a tighter liquidity environment." Greff said the move would likely continue the ongoing consolidation among junkets.
"This development adds additional uncertainty within (the high-end market) and its impact is impossible for us is to quantify," Greff said.
Also Tuesday, Fitch Ratings revised its Macau 2015 revenue growth forecast to a 33 percent to 34 percent decline, down from its previous forecast of a 29 percent decline. Macau's gaming revenues are currently down 36.5 percent through August.
Fitch gaming analyst Alex Bumazhny said openings of new casinos in Macau over the next 15 months, starting with Melco-Crown's Studio City project at the end of October, won't help grow the gaming market.
"The downward revision forecast takes into account Fitch's reduced expectations for the new capacity to drive meaningful incremental growth," Bumazhny said.
Wynn Resorts Ltd. plans to open the $4.1 billion Wynn Palace in March, followed by the openings in the second half of the year of Las Vegas Sands Corp.'s $2.7 billion Parisian and MGM Resorts International's $2.9 billion MGM Cotai.
Bumazhny said the Macau government has "not shown leniency in its guidance to limit additional allocation of table games," will hurt the new resorts.
"Fitch believes the risks operators face related to the new properties cannibalizing the existing properties and table allocations being less generous than what the operators have requested are partially mitigated by the operators' ability to shed development related cost as their respective projects open," Bumazhny said.
Macau, the world's largest gaming market, collected a record $45.2 billion in gaming revenue in 2013, which fell 2.6 percent in 2014.