And this was once considered a safe play for a fantastic dividend and share price....now it's priced just barely over $4 per share with NO dividend. What a disaster! Was over $40 just a few years ago....
Disc: Never any position
That's the bad news. The good news is that I bought a whopping 6 shares. This just to follow it.
Had just a few bucks cash in my IRA account. The stock has plummeted 2/3rds since my purchase just about 6 weeks ago or so. So, it will all be gone soon, especially if it reverse splits. Then I will get a check for partial shares since I won't even own a full share. I'll lose about 10 bucks or so and a good lesson learned again.
Never buy stocks when a LOSER President like we have wants to destroy the industry and no one has the backbone to oppose the NUT. Cheap lesson but well worth it. Feel sorry for the ones who have been destroyed much like those in LINE and other oil stocks which this same NUT has helped to destroy and succeeded. But this example wasn't all his fault, but he was a facilitator. WHAT A LOSER PRESIDENT AND MANY MORONS VOTED FOR THIS NUT!
Sentiment: Strong Sell
Some of these have been such high flyers. Nothing continues to go up like this. All need to 'settle in' and get back to reality.
Well, you can 'believe' all you want. Citi analyst now on CNBC says it is still 'over-valued'. Will open less than 210. Stock has collapsed since its last report in April and guidance going forward is negative. Your 300 close is a 'pipe dream'.
So, read the above blog closely. Analyze all the logic (analysis) of Swsh. Of course, much of his 'logic' is outdated, useless. Result: He wants all of Harry's shares (of which he probably has none since he's logical and
completely bearish on this loser) at $1.80 per share. "Assuming" he was dumb enough to buy all the shares he could he is down 'only' 68.3% or so in just 2 1/2 months. Are we supposed to be 'impressed', Swsh?????
Maybe this person can run one of those bogus commercials selling a book on HOW TO LOSE ALL YOUR MONEY IN LESS THAN A YEAR at no cost on CNBC - you only have to pay the shipping. Totally laughable!
What a ride for investors in this one. Over $130 per share in 9/14 to $30+ at one point this morning.
That's 77% in less than a year. Huge gains wiped out in just months. And no dividend. And not much hope with mgmt. disclosing it will give no guidance going forward. Gotta avoid this thing. On any given day no one can make any objective analysis.
Sentiment: Strong Sell
Yeah, the stocks are going up today. Shorts getting clobbered. After news yesterday at close of market shorts are getting slammed. Analysts and tv critics on CNBC will probably get more sanguine on the stocks now.
These stocks will probably see more upside now. Sector was neglected because of all the negative news by pundits which are ALL worthless. Sweet! Enjoy, shorts. Have a nice trip to the graveyard!
The dividend was not 'reinstated'. It is paying the same divi as the last quarter announcement. Please get your facts straight.
Yes, things are ok. Las Vegas was up 5-7% on non-gaming and expects the same for 2016. Also,
'take' can vary because Wynn attracts so many huge bettors. Even those participation was up the take was less this quarter as compared to a huge 'take' same time last year. So inconsistency is prevalent.
I listened to the COMPLETE conference call. He simply said that he adjusts the floor to the casinos interest.
If the casino is losing or not making money he makes adjustments. He did this on July 4th by eliminating some slot machines, for example. This is why he's one of the best in the industry and why competitors copy his lead.
First, I have NEVER been in this stock nor ever will. Second, who cares what you think! I wouldn't listen to you nor would anyone else with any sense, right or wrong (post disaster). Yeah, EVERYONE wants to listen to Rebecca. Give me a break!!!! Laughable!!!!!