I just hope Adelson fulfills his promise and raises the dividend the month with the announcement coming on the earnings report probably around the 20th of this month. You will really see some action then.
You're not dreaming but it does seem that way. Just shy of 2x normal 30 day trading and we are less than 2 1/2 hours into trading. Incredible but 'credible'....Many Chinese related stocks soaring today.
This news helps all including the likes of BIDU.
dt. This is what one calls 'denial'. This is the same one you posted on another blog. Count your losses and 'keep counting'....
Up over 8%. Volume nearly 3.5 million over normal one DAY trading and it's only 10:40 cdt....
I think the 'tide has turned'....
This could be the largest volume day since I have been in the stock back in March '09....
GREAT NEWS TODAY and all stocks on big board and NASDAQ related to China are up 5% or more.
Stock still soaring in a down market. Already 3 million + shares over its average full day trading and it's only 2 hours into trading How about that dthe98???????? Now up well over 7%!!!!
Looks like Credit Suisse is bullish on gaming stocks. Says Macau bad news is way over done. Selects
Sands at TOP PICK in sector. Also, looks like China will support gaming in Macau. Gaming stocks up strong pre-market. See what happens here at open. Not taking anything for granted.
As Adelson pointed out in the last earnings conference call in July 2015 divi's are being paid out of very strong free cash flow.
Their business overall has been good compared to its competitors. They have picked up market share in Macau. Plus Singapore has been a great contributor. But like ANY company if its
customer base deteriorates and more restrictions are made by the nutty Chinese officials (ex. no smoking restrictions in casinos while other areas have FILTHY air throughout the country) their situation will be different. 6 major casinos met with XI recently
for the first time ever. I don't 'think' the Chinese want to destroy what has been a TOTAL success in Macau. XI wants more entertainment and Adelson (as said in his last report) is already doing this. We will just have to see how things are with next earnings report. Adelson is a genius so my money is on him. What is happening today can be totally different tomorrow. A lot of this downside recently is a reflection of WYNN which does have issues. This was discussed with President of the company in the
BAC leisure forum in New York City a few weeks ago.
Sentiment: Strong Buy
Now you can get your share plus some change. Stock right at low yielding a incredible 6.9% at asked price.
Seems like many are 'assuming' the worst.
How do you know what the 'current operating cash flows' are? Do you know more than Sheldon Adelson? You see, you have NO credible input here? You are just speculating. Ok to have an opinion
but this means NOTHING to me. I go by the facts. If Adelson goes contrary to what he has been saying then his credibility is shot going forward. By the way, if you listened to the conference calls (which I did) you would understand why this company is doing better than the others and why it has a larger market share. Adelson doesn't just rely on gambling but the WHOLE entertainment experience.
Yes, you are correct, highflier. The divi will be announced next earnings report around the third week in October. The increase won't be paid until March 2016. The current divi will be paid in December 2015.
Many of you guys post with no facts. Unless things drastically changed in the last 3 months the company has plenty of cash flow to cover the current divi. Now I will quote Adelson (and he should know because he not only owns 65 MILLION shares of the company but developed it and is CEO): "We have enormous cash flow to cover not only dividends but buybacks. We are the best in the business. We target the MASS market. We not only offer gaming but restaurants, entertainment, lodging, and shopping. We don't make mistakes.
Even when other casinos become crowded on weekends they flock to us because of our diversity. And we will INCREASE the divi at least 10% per year for the next 3 YEARS."
Now I got this off the last 2 earnings reports with analysts. I listened to all of it. Where the heck were you? Probably playing somewhere. I QUOTE FACTS. Why don't you try the same and not just bloating to support your short position. This action lately is a huge over-reaction to Macau. Slowing, yes, but it is NOT a ghost town. The MASS market is still strong. And that is the focus for this company. Have a nice day!
There won't be a reverse split. cwn basically is correct. The details of this future transaction are not available now and probably won't be for the next couple of months or so. It will be a non-taxable transaction. This is positive for the stock.
The Ferry is supposed to be opened next year. The tunnel in a few years (they are behind in schedule for about 10 years). So, what access do the Chinese have (besides flying) to get to Macau? Is today better than 'yesterday' for transportation? Thanks.