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Wynn Resorts Ltd. Message Board

hottie362534 27 posts  |  Last Activity: May 28, 2014 3:20 PM Member since: Apr 13, 2010
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  • hottie362534 by hottie362534 May 28, 2014 3:20 PM Flag

    And the key to RICK stock. I'm still waiting.


  • hottie362534 hottie362534 May 28, 2014 3:14 PM Flag

    Cash, short term and long term investments totaled $548 million compared to $430 million in the first quarter last year.
    Inventories were at $420 million compared to $395 million during the first quarter last year.

  • And very profitable.

    Thanks guys.

  • "By owning our real estate we will not have a landlord that can basically become our 50% partner."

    2013 Q4 conference call, Dec 14 2013

  • .05 or better with decent guidance and it's off to the races.

    (.03) or worse with bad guidance and I could be buying this at $8.50 in the near future.


  • hottie362534 hottie362534 May 20, 2014 8:47 PM Flag

    I sold 80% of my shares yesterday (5/19/14) just above $11.90

    This could get ugly tomorrow if they post a loss.

  • Reply to

    Did someone mention VCG?

    by barkingdog78 May 19, 2014 11:13 PM
    hottie362534 hottie362534 May 20, 2014 8:37 PM Flag

    That would be me. I didn't learn about that company until just before the end and my ave was probably around $1.62 with about 20,000 shares. The buyout was for $2.15 by the slimeball CEO even though the business was worth much more. Earlier shareholders were used and abused by an evil person. He robbed them blind. He got the money from his mother to start the company and went public to grow the company. Then he burned shareholders because he always wanted the company for himself. Eric even owned shares in VCGH. I know they used to talk and I imagine they still do. If this REIT goes through as a private REIT leaving shareholders out, then the writing is on the wall. I never wanted to see this happen, but I always felt it would. Evil people do evil things. Especially if they are greedy and starved for power.

    I dumped my final 500 share yesterday at $10.78 and I wash my hands of this until there's clarity on the REIT. That is the only reason I sold 10,000 shares over the past week. RICK is trash without the real estate in my book. Red Lobster would never have fetched $2.1B without the real estate. McDonalds owns real estate and leases it to some franchisees. Forget this RICK without the real estate. Maybe that's what Troy (Eric) is after here. Keep the real estate and the stock grows to much for him to be able to stay in control. That's how I'm viewing it until it becomes clear that I'm wrong. I listen to my gut and I smell another rat like at VCGH. These thugs have no class.

  • From A book I have on Warren Buffett. He uses book value to measure performance rather than earnings because earnings are pliable. A CEO can cook the books for years to influence earnings and share price. But those earnings are useless to shareholders if they are never returned to the shareholders.

    So knowing this, a private REIT will lower book value and hurt shareholder equity. Same goes for high interest loans and convertible debt. They may give the appearance of "earnings growth", but what they are really doing is damaging shareholder equity by allowing company cash to end up in the debt holder's hands instead of shareholder's hands. And now it will end up in the private REIT's hands. Same with high CEO pay and perks like jets and such. This is all taking away from book value growth.

    Buffett took only $100,000/yr salary from Berkshire for many years. If Eric did this, then the book value could grow by the other $900,000/yr that he isn't taking. Even more if that went to buying profitable clubs. Add up all the cash wasted on high interest debt and sketchy deals like Vegas over the years and heisenberg is on to something here. This is 10's, if not 100's, of millions of lost book value or share holder equity over the years. And now they want to use a private REIT to magnify this problem? That's more salaries and costs that will come out of RICK earnings. This takes from shareholder equity. It's gross when you think about it. And the BOD wants us to believe there will be dividends for us too? No way. They will go to the owners of the private REIT. The CEO has already said that in the past.

    Thank you heisenberg for making this so clear!

  • hottie362534 hottie362534 May 18, 2014 8:17 AM Flag

    Great post!

    I vote for barkingdog as CEO and you and bosman on the board of directors. Then this would be a good stock to own.

  • Reply to

    Back to the 9's

    by bosman167 May 17, 2014 9:32 PM
    hottie362534 hottie362534 May 18, 2014 8:09 AM Flag

    I agree. I doubt the recent $9.88 low will hold.

    I sold 9,500 shares from $10.89-$11.11 last week. The 500 shares I kept are all profit. I'll stick to trading this since the CEO isn't what I had hoped after all. They mention dividends but the CEO has already said before that he sees dividends through a REIT, but not ordinary dividends to shareholders because of the double taxation. There's no way for shareholders to be part of a private REIT because there's no way for us to sell out of it on an open market.

  • hottie362534 by hottie362534 May 13, 2014 2:39 PM Flag

    Good calls on the .37 EPS and the Chicago club being the reason for the sub $10.40 share price for 10 days.

    But you are out of your beautiful mind calling for $8.xx now.


  • hottie362534 hottie362534 May 13, 2014 2:32 PM Flag

    Congrats on your $9.xx call a while back. Well played ;-)

  • hottie362534 hottie362534 May 10, 2014 1:02 PM Flag

    Eric, please give the owners of this club a call. Get some numbers and fly from NY to Portland ME after next week's conference call to check out the club and see if it works. It's a short flight from NY and very short drive from the airport. Less than 10 minutes. May as well use that jet since you have it and enjoy the Northeast a little.

    Again, absolutely no competition and a nice little city. I just don't know what the numbers would look like and what works.

  • Thank you very much!

    Remember why revenues were down the last half of last year. ANF slashed their jeans from $88 to $40 so AEO had to drop prices too. It's not like people stopped shopping there. They raise their prices 10-15% and the revenues go up again just like with Gap. New items bring better pricing power. The shoppers will keep shopping American Eagle. They don't walk away from what they are cozy with.


  • hottie362534 hottie362534 May 10, 2014 12:17 PM Flag

    I say a dollar downside and unlimited upside over time. RICK is more unique than Russell 2000 companies. Many of them are facing Obamacare costs and many have fully valued stock prices already. Obamacare is good for large S&P companies as they can cut their healthcare plans and just pay the per employee fee. Many can save money. But some will chose to keep healthcare plans to attract better skilled workers. The smaller Russell 2000 companies are more affected by it. I don't know if RICK's is until it's clear whether dancers are employees or self-contracted. A dancer collects the money and pays the club 20-25%. They are paying the club to have a place to perform. If they want to change the game and be paid as an employee, then the club would make a killing. The club could then easily pay the Obamacare fee rather than offer insurance. These dancers are crazy to give up the current set-up. Trust me, crazy! The lawyer in the NY labor case is just an opportunist if you ask me. And the dancers in the case must be have-beens or naive to allow this guy to use them for his gain.

    RICK can grow earnings simply by putting their earnings to paying down debt. Interest expense is getting high right now. Even with 10M shares, I think they gain over $1 in share price for every $10M of debt they pay off. I think it would be more like $1.50 or more because earnings grow and risk is reduced. Then growth becomes easier again. So then you have share price rising for 3 solid reasons. Reduced risk, increasing earnings, and steady growth. A true cash machine.

  • hottie362534 hottie362534 May 10, 2014 2:53 AM Flag

    I'm going to guess .34, conservatively.

  • hottie362534 hottie362534 May 10, 2014 2:48 AM Flag

    I agree with heisenturd that the stock is being held down to set the share price for the Chicago deal. I would be very happy if you are right, but this stock never seems to gap up like the widely followed stocks.

    I must have missed Eric saying that '14 was a year to absorb and settle. That would be awesome! Here's what I'm anxious to see besides debt coming down. I want to see them earn $3M per quarter. Going from a company earning $9M/year, seemingly just months ago, to suddenly earning $12M each year (and climbing) is something that people can't help but notice. That's huge for $105M market cap company. I followed Sprint for many years and watched them go almost 7 years without posting a profit at all. And they are a $30B+ company.

    Here's another reason I like RICK. I once read something, even though it was from Motely Fool, that said, "A company who's cashflow is more than 10% of it's revenue can be an excellent wealth building vehicle for investors." Or something very close to those words. RICK's cashflow should be over $20M soon and there revenue is $130M roughly. It's cashflow is 20% of it's market cap! Find me more companies that can boast that please. Pretty please!

    GLTU next week. But I want the fairytale. I want much more than $11-12. I want this $14-$16 when I'm laying on the beach this Summer like it deserves to be. Then when I see a jet flying over I can say, Eric is the man.


  • hottie362534 hottie362534 May 10, 2014 2:06 AM Flag

    I have read nearly every thing written on Warren Buffett, and he says that "diversication is a protection against ignorance. It makes very little sense for those who know what they are doing."

    I know this business prints money when well run. If the CEO is a man of integrity, then why diversify much? He has a good portion of his earnings in it and he believes in himself! It's hard to find more than a few companies that one can really understand and believe in. At least for me it is. I've followed this company closely since around 2008. When I like the price, I love the stock. It's a business and company I believe in. It's hard for me to put just 5% in this and look for 19 other companies nearly as good. I do my best to trust this CEO since I've had a bad experience with the CEO of VCGH. If I knew Eric personally, this would be very easy one way or the other. Success here is 100% in his hands.


  • hottie362534 hottie362534 May 7, 2014 7:53 AM Flag

    "hippie parlor"

    Too funny! You better hope they don't start selling pot.

  • hottie362534 hottie362534 May 7, 2014 7:41 AM Flag

    Stock would jump a few bucks if they win the pole tax appeal. If you searched "Texas pole tax" yesterday you would see that there's a state Senator/Rep/Congress person, sorry I don't remember his actual title, who's fighting the tax. He has some good points.

    Yes, I've been buying here. There's still pockets of value in the market and I believe this is one of them. A commitment to aggressively pay down debt would push the stock up too. I think that's the absolute best use of cash right now.


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