Casino, be sure to read my reply to your question under my blog. Both WYNN and LVS have been 'painful' as of late. These stocks have been volatile the past few years but have always rebounded. Yes, these are
buying opportunities! Good luck!
I have NOT abandoned LVS since my initial purchase at $ 2.43 per share. I have ADDED since then with NO sales. My plethora of shares purchased back in early '09 have been paid back just through dividends and special ones. In short, I have none of my money invested now but hold thousands of shares. Sweet! I purchased WYNN back in '09 and purchased shares on its ascent. I have captured many divi's and special ones on this WINNER, too. I have NEVER sold any shares. Both have been
'painful' lately but that is investing. Remember, LVS paid NO dividends back in '09. NONE! Today, the yield is 3.38% which is INCREDIBLE! And this divi was HIKED 30% recently, the 1st one to be paid in March '15. So, the yield will accelerate to 4.48%. Headwinds will abate going forward.
Both companies are run by the best CEO'S in the business. Like AA which I have accumulated
many shares, I like companies run by dynamic, aggressive, and honest CEO's. Check out AA.
This, like WYNN and LVS, is a real WINNER! It was just upgraded TODAY to OUTPERFORM by WELLS FARGO to $24 per share. I got this one (and have added aggressively in the $8 range) at $5+ per
share. Like both WYNN and LVS, it has vacillated, too, but it proved ONLY to be a BUYING opportunity which I captured. Been investing since I was 13 years old and it has been a constant learning curve. Investing is the HARDEST profession in which to be. But it is sure exciting as everyday
is different. Good luck, CASINO!
See what happens in last hour of trading. Even with today's plunge volume is considerably under 3 mos. average. Perhaps, large trades in last hour. Time will tell. Margin calls must be coming in leading to some of the price fall. Worst case scenario (whatever that is) must be factored in. Painful but will continue to hold.
Hard to believe this was $88 earlier this year. Lot of headwinds.
Yeah, they love what they see. Cost cutting and solid growth metrics. Has a $22-24 price target.
More and more analysts really are JUMPING ON BOARD with this WINNER!
Sentiment: Strong Buy
Get a yield over 3.5% not including specials. Adds to my average price paid but will hold this indefinitely. Got
this really cheap a few years ago.
Could get cheaper with all the negative press but company is managed by one of the best (if not the best)
in the industry. LVS is a great buy here, also. Been adding to AA and GE. AA was just $14 not too many weeks ago and added aggressively. DIS looks very good here
along with Celgene and Biogen. These stocks have been real WINNERS! And I don't buy on margin. Cash account only.
It pays NO dividend whereas LVS and WYNN are 3%+ payers (not including special divid). It's just an opportunity to buy both WYNN and LVS on weakness.
In full disclosure, I have been negative on this stock for some time as I knew the dividend, at the least,
would be slashed. When the announcement was made one could have sold their position at $18.
I blogged then that anyone interested in this should wait AT LEAST 4 trading days to 'let the water settle'.
And that was for a 'investor' willing to gamble AND take a position with a LONGER term view. I WAS RIGHT!
Of course, I was hammered. I have been doing this for over 50 years and investing is the HARDEST thing ANYONE will EVER do. There will be a time when to begin accumulating; perhaps, now. But on a very
gradual basis and one willing to take a little pain. For IF oil descends more this stock will DESCEND, also.
Good luck. Some of you have really taken a beating and with the loss of the dividend it is DEVASTATING.
The morale of the story: Some blogs are worth reading and being OBJECTIVE when you read it. MOST
aren't worth the time. But get educated and learn from this horrible lesson. CRAZY dividends almost ALWAYS cannot be sustained.
Today another ALL TIME LOW. This LOSER has just 17.5 million shares outstanding. Gosh, if they
do another reverse split (say 1:5) that would leave only 3.5 million shares outstanding. That should make
for some interesting spreads (buy/sell). One would be eaten up with the spread and commission.
This company is a real LOSER.
Yep, another ALL TIME LOW at 21.4 cents per share (adjusted for 1:10). In early Januaryt 2014 that was over
3x higher than the mark set today and to think this was a $15 stock a few years ago. Man, have a lot of
naive investors been taken 'to the cleaners'. Nothing left of this LOSER! Except 21.4 cents of value that will be depleted in just a 'matter of time'!
Sentiment: Strong Sell
Swish, maybe the 'investors' will get back a couple of PENNIES back per share for the many dollars per share they lost on this LOSER. And so it goes......
Like a Boeing 787 descending for touchdown, this LOSER continues its own descent. At $2.21 per share
or the real comparison at $ .22 per share (based on 1:10 split) more and more diehards are 'bailing out'.
Even these diehards finally see the 'reading on the wall'. Ebola gave a few 'realistic' people the opportunity to catch a ridiculous wave upward and these 'investors' (a term used loosely here) bailed out. At least, they got
something much higher than where this LOSER is now. A DOW at nearly 18,000 and this LOSER is $ .22 per share. What a devastating lesson to have learned for those who have sold and those fools still holding on.
But there is some good news here - there's only 22 cents of more pain to come and then this continuing,
horrific, and pain taking experience will be over. But all of you were warned. And there very so many valid
reasons to why one should have NEVER taken a position in this LOSER!
Sentiment: Strong Sell
This could be a good investment for the VERY long term. Personally, I don't invest in
anything that doesn't pay me something. A dividend that is credible and doable lessens
the pain until the stock rebounds. This LOSER (short term) does not 'fit the bill'. But in
something in the 6 - 12 month time range you may succeed. Short term, this thing is 'probably' going lower for many including mutual and institutional funds will be selling. Many individuals don't even
what happened today and will be selling in the morning Friday and beyond!
I wonder who these 11 THUMBS UP nuts are....probably in the same basket as loper. I feel sorry
for the guy. Today was devastating for him at the least!
Yeah, Chuck has offered a rare, sensible assessment. Most of the others are this board
lack experience, good judgement, wisdom, and knowledge. In short, just a bunch of LOSERS.
This is exactly about what I was talking in a blog earlier in the day. Foolish people look at these
insane dividend payouts which are not credible and lead to destruction. I figure this guy paid about
$23 per share. At $16 now he has already LOST $ 70,000 in principal AND now has NO dividend.
He will 'probably' sell due to STRESS, sit on the money for an indefinite time, and then reinvest into
another RISKY, DIVIDEND payer. It's a domino effect. It leads to financial ruin UNLESS this person
just accepts this as a LESSON LEARNED and redeploy the money into a SOLID company with a
sensible dividend. There were ALARMS SOUNDING about this company way before the DISASTER