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Edwards Lifesciences Corp. Message Board

kidecar 24 posts  |  Last Activity: Apr 17, 2014 11:27 AM Member since: Sep 19, 1999
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  • Reply to

    Today is our 30th consecutive trading day below 1.00

    by kidecar Apr 17, 2014 11:22 AM
    kidecar kidecar Apr 17, 2014 11:27 AM Flag

    Check the NASDAQ website for the bad news at the end of next week...

    " Noncompliant Companies

    Each trading day, NASDAQ publishes a list of companies that are noncompliant with the continued listing standards. In most cases, a company is added to the list five business days after NASDAQ notifies the company about its noncompliance and is removed from the list one business day after NASDAQ determines that the company has regained compliance or no longer trades on NASDAQ. A summary of NASDAQ’s continued listing standards are included in our Continuing Listing Guide. The Listing Rules can be found here. "

  • Day 1 was March 6.

    Sigh ....

  • No hurricanes/tropical storms
    No border disputes with Thailand/Vietnam/Laos
    No strikes
    No new construction expenses
    No scandals
    No remainig outstanding lawsuits
    In short, No excuses!

    + Chinese New Year is in Q1

    Thoughts?

  • Reply to

    chip/dice/plaques sales

    by ceedan850 Mar 13, 2014 4:09 PM
    kidecar kidecar Mar 15, 2014 10:15 PM Flag

    @macacosabio

    Some of those large customer chip sales you list are one-time sales from several years back - not orders/reorders from the past FY (2013). Chip manuf will always be a 'bolt-on' business for EGT. The EGT (Nov 2013) PR shows that 59% of the total market belongs to GPIC. EGT is a little frog in a big pond.

    From Edgar....

    Annual 2012 Revenue (top line) from Gaming Products (aka chip sales) = 6.45M
    Annual 2013 Revenue (top line) from Gaming Products (aka chip sales) = 3.42M

    That's a pretty significant drop.

  • Reply to

    Bought 65,000 EGT Shares ... Thank you...

    by ihubtrader Mar 7, 2014 3:43 PM
    kidecar kidecar Mar 12, 2014 7:25 PM Flag

    The "Pump" is based on appealing to people's greed based on exaggerated claims about an unknown future. A couple of years ago, the 'pump' was that every casino EGT opened was going to be another NAGA. Now we have facts about the performance of several casinos and slot halls of various sizes.

    Hype breaks down in the face of facts. The facts say that because Naga has a monopoly in the largest metropolitan city in the country, they are very successful. We now know the facts indicate that the Naga model cannot be recreated in any other city in Cambodia because of a combination of lack of customer traffic and aggressive competition in the same market. Same story in Philippines except there was no Naga there. Dolphin has been a modest contributor. Probably more money was made from breaking Dolphin up and selling the pieces that Dolphin has generated in Casino chip sales.

  • No mention of closing Pailin...that was odd given the $2.5 M writeoff and news of possible closure - not even a rebuttal or denial.

    What was worse than the horrible results "that were primairly due to ...." (anything and everything but Management), was the fact that we seem to have lost our single Analyst. Not even ONE question was asked after they dumped that steaming pile of manure on the boardroom table...... THAT is not a good sign.

  • On Thursday I hope we hear about some realisic new plans for for new revenue streams in 2014, some positive forward guidance, and some explainations about the poor performance of 2013...more than just, "it was out of our control..".

    Good luck all.

  • kidecar by kidecar Feb 27, 2014 11:53 AM Flag

    as of 11:50 .... (sigh)

    iHub army must be on R&R getting ready for the 3/6 conference call...after 3/6, no more slacking off! ;-)

  • I am ready for some great news or fantastic but believeable excuses. Something other than, 'my dog ate my business plan' would be nice.

  • Reply to

    My EGT Dream

    by kidecar Feb 19, 2014 12:26 PM
    kidecar kidecar Feb 20, 2014 6:24 PM Flag

    I needed a mop & 2 buckets

  • kidecar by kidecar Feb 19, 2014 12:26 PM Flag

    In my dreams, EGT is bought by NAGA at a nice multiple.

    NAGA gets a EGM management division and keeps they fees much like MPEL/Mocha and LT EGT investors get a payday

    My dream is in the realistic and fair 2.00-3.00 range because I do not smoke opium before I go to sleep like some PPS prognosticators on this MB qith their outlandish unsubstantiated guesses.

    Probably not going to happen, but dreaming is still free until the NSA figures out how to read minds. :-)

  • Stranger things have happened... like spending millions building a casino from the ground up, then announcing it's closure less than 2 years later...If they decide to go to Vietnam, I sure hope they hire a new market research firm...

    Reuters article excerpt:

    "I'll believe it when I see it," said Tuon, waiting in the rain in the suburbs of Ho Chi Minh City for his first fare of the day, when asked about the prospect that Vietnam could soon allow its citizens to gamble at home.

    The government could soon legalize domestic casinos to lure billions of dollars of investment from major gaming firms, according to two sources with close knowledge of affairs of the National Assembly, which is due to debate the issue.

    The sources, who requested anonymity, said the government had already undertaken research and was planning a pilot project that allows local punters to gamble, starting at a yet-to-be built casino on Van Don island near China.

    Vietnamese are passionate gamblers, from clandestine card games to bets on European soccer with underground bookies, but the handful of casinos operating in the country now are strictly foreigners-only.

    A change in legislation could make Vietnam an attractive bet for big gaming companies such as Las Vegas Sands, Genting Bhd, Nagacorp and Penn National Gaming, which have quietly expressed interest, should locals be allowed to take part.

    The appeal is much to do with Vietnam's demographics and its location, just a few hours from many Asian capitals and within easy reach of wealthy Chinese, who provide the lion's share of gaming revenue, Vietnam also has appealing demographics.

    Two-thirds of the country's fast-growing population of 90 million are under the age of 30, and it has a consumer middle class that's expected to double by 2020, according to a recent report by the Boston Consulting Group.....(go to Reuters for full article)

  • NagaCorp, Cambodia’s largest casino operator, reported profits of more than $140 million in 2013, according to a February 12 statement that also detailed plans for the rest of this year.

    Total revenue for the casino firm rose 24 per cent from 2012 to $344 million, according to the statement.

    Public floor gaming tables at its NagaWorld casino in Phnom Penh generated more than $89.8 million for the company, while electronic gaming machines generated $101 million.

    NagaCorp’s VIP junket program brought in more than $133.1 million after being launched in March last year. The VIP market grew a total of 40.3 per cent from 2012.

    The casino pays out commissions or incentives to junket operators who manage to bring in high-roller players.

    Citing an increase in tourist arrivals and scheduled weekly flights to the Kingdom in 2013, NagaCorp said it hopes to boost visitation, especially from China. The company also aims to establish chartered flights between the gambling hub in Macau and Phnom Penh in an effort to bolster the VIP market.

    “To cope with the expected increase in VIP headcount, the Group is completing level three of the hotel block and the rooftop of the pool wing to create additional VIP junket gaming areas that will potentially add up to 63 VIP gaming tables, which is targeted for completion in 2014,” the company statement said about its NagaWorld operation.

    The earnings statement comes as the firm ramps up plans to open a second hotel and casino in Cambodia’s capital, and a third in Vladivostok, Russia.

    Naga2, which represents a $369 million investment and is currently under construction a mere 200 metres from the existing NagaWorld, is scheduled to open in 2016. It will house 1,000 hotel rooms, 50 VIP suites, up to 300 gaming tables and 500 electronic gaming machines, according to the company’s statement.

    In Russia, the firm is establishing subsidiary companies before applying for a casino and construction permit...

  • and replace the Dreamworld Poipet page with an apoiogy page to all EGT investors.

  • Reply to

    Ihub: Fully Invested in EGT: Target: 6-8$

    by ihubtrader Feb 13, 2014 5:58 PM
    kidecar kidecar Feb 13, 2014 6:57 PM Flag

    Now if you could just run another "hype-based-on-nothing" campaign and get the PPS up to 6-8 bucks, that would just be peachy. Hell, I'd even be happy with 5.00 again. :-)

    LET THE PUMPTITUDES BEGIN!

  • kidecar kidecar Feb 5, 2014 2:35 PM Flag

    Shuffle -

    Thank you for the kind words. I have already recouped my principal an a decent profit during the hype runup a coule of years ago. I still retain some shares.

    I hope that there is a floor for EGT to bounce from so I can add to that profit, but if EGT loses NAGA (their #1 revenue stream) when that contract comes up for renew again in a couple of years, the fat lady will be singing so loudly that they will hear it all the way over in China. :-(

    My trust that Management will make the right call is only a fraction of what it used to be.

  • Happy New Year to the Asian posters on this MB.

    According to Weather Underground, it is a balmy 75 (F) and no rain, so casinos should do well.

    Hopefully this holiday will provide EGT with a much needed boost to 1Q2014 revenue and help start off 2014 with a +EPS quarter.

  • kidecar kidecar Jan 31, 2014 11:37 AM Flag

    Sria -

    I try to post facts and news articles as I find them (both positive and negative - I don't write these, I just post them). I also reserve the right to call 'B.S.' on posts that seem less than factual (both hyper-positive and hyper-negative)

    If you do not approve of my posts, please put me on Ignore, but don't try to get me to self-censor my posts with a plea for only positive info posts - that would be asking me to lie and it would also make for a very empty message board. The news articles about EGT closing down one of their newly built casinos, negative earnings over the last 3 (probably 4) Qs, and the plumeting stock price clearly shows that there are real and valid concerns about the past, present and future of the EGT business plan, and that is the simple truth. You can accept that truth and adjust your expectations accordingly or not. It is up to you to make your own buy/sell decisions based upon whatever criteria you choose based upon the facts available to you at the time.

  • until March 6 :-(

  • Reply to

    Dolphin Gaming Products

    by tonyfanelli766 Jan 23, 2014 5:15 PM
    kidecar kidecar Jan 25, 2014 8:01 PM Flag

    Agree that even though the Medical and Automotive plastics were the regular profit maker at Dolphin, they were not in line with the core business. I just wonder if Dolphin plastics division can be both a profitable and significant contributor to the bottom line every quarter. That market is dominated by GPIC and we have yet to win any significant contracts outside of the Ho family shpere of influence.

    We will see how Dolphin does in 2014 because unlike the failing Pailin Dreamland Casino (see my previous post), Dolphin is currently being reported on separately in the 10K/10Q and its contribution - or lack thereof - cannot be hidden.

EW
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