Plus they probably lost a few million $$$ in May with the horrid hold and RCT.
"the guide down is no surprise."
Umm, sure it is! They already have 4 months in the bag, the lowered guidance implys they think it's STILL GOING TO GET WORSE!
The guide down even caught Bain off guard, but then again I think everyone knows his record by now.
Even reading through today's conference call, they speak of only buying when it's accretive, or the price is low (I thought that was already the case) and how conservative they will be with their capital going forward to position themselves to move into other markets.
I don't anticipate them doing much with the buyback, maybe just some token purchases to keep people off their backs during conference calls.
it's comical how martin has even thrown in the towel on pumping this pos.
Too bad management has been dodgy when asked about the buyback, and if you listened to last quarter, it doesn't even sound like its on their radar at this time.
When your sole reason for owning a stock is the premise that it should go up because of that, you know it's trouble!
he Company is adjusting its 2015 Rolling Chip Turnover guidance for its five existing VIP rooms in Macau to between US$7.0 billion and US$8.5 billion, from a previous range of US$8.5 billion and US$10.0 billion
You said it! it certainly is a possibility. Recycling someone else's trash made sense when the price of oil was making record highs.
Now one must determine if the cost to stack these aging rigs even makes sense. If there is a prolonged downturn, I can't see inefficient older rigs getting much work, even on the decom jobs.
Since this board attacked me for months when I warned to bail on this at all costs, I guess I was going to say I told you so, but that is not constructive. Most of my bashers have moved on, some remain. I'll continue to say it, the market will dictate the dividend. They will reduce it to approximately 15-25% annually, based on the market price at that time.
I think the next dividend cut will be by at least 50%. Be careful with a 2 rig operation, that is quickly becoming a 1 rig operation.
Bain has been the laughing stock of the group for some time. His strategy has always been to let the competent analysts put out reports, then he follows up a few weeks later with almost identical sentiment.
He does go rogue on the price targets and is always way off.
If you want to see him at his best, check out his coverage of what may be the worst possible gaming stock you could invest in IKGH.
He had price targets on a penny stock of $21 not long ago. Since he's one of the only few covering the stock, he has no one to cheat off of and is left as a corporate cheerleader for IKGH. You couldn't make up how bad/wrong he has been.
I use to play the game, who's right more often - David Bain or a broken clock. The broken clock never lost!
You say great businessmen know the importance of integrity, I couldn't agree more.... Especially in China!
That is why the CEO and CFO just RESIGNED abruptly!
The business is a disaster, so they did the honorable thing. Best decision they made since IKGH went public!
I love to swing in and buy distressed stocks when there is overselling, it doesn't always work, but if patient more often then not it will.
Having said that, LL has a forward p/e of 17. So before even discussing the deterioration to the brand or potential for negative sales growth, how could this stock be trading so high?
Why does this stock trade at such a high p/e multiple?
I don't think this is a short selling issue.
Look at bio tech as a group, the entire group is getting hammered in the last few weeks. Add in patent issues and you have nothing but negative headwinds with ACOR until they have some good news to deliver. I'd like to get in this around $25.00
Interesting find, I missed that.
How does David Bain continue to rate this a buy? At this point what could it possibly take for him to say investors should stop losing money and move on?
Never did I ever believe things could get this bad. Throw in the sudden departures of the CEO and CFO and it's almost game over at this point.
It's no coincidence that most junkets in Macau are closing up shop, and preserving whatever capital they have left.
The comedy of errors continue.
Wow, got to love how they are burrying this in a press release announcing "promotions"
The director resigned also!
All resign suddenly, during a criminal crackdown in Macau!!!!!!
WOW, this sounds suspicious!
The appointments were made due to the resignations of Leong Siak Hung from his position as Chief Executive Officer and a director of IKGH, Raymond Li Chun Ming from his position as Chief Financial Officer and a director of IKGH, and George Chui Vai Hou as a director of IKGH. Mr. Leong will remain as a consultant of IKGH until the end of 2015. Each has resigned for personal and/or medical reasons and not because of any disagreements with IKGH.
As someone who has shorted ACOR multiple times over the years, all I can say is be careful! I found myself cashing in any time a made a thousand or more, but the pain when it spiked was far worse.
Over the last 18 months, I'm more inclined to go long. I think it's a great acquisition target, that's ultimately why I covered and shy'd away.
Isn't it premature to celebrate this? Their last two "deals" almost ruined the company, and still haunts them. Clearly the market isn't giving them the benefit of the doubt on this one, since history tells us these guys aren't very savvy in this department, you can see why.
This stock has little chance of appreciation, based on the housing market recovery. I too am optimistic on a housing recovery and commercial as well, but NLY's business model doesn't really position them to capitalize on this. Read this, perhaps you will see why no one wants to buy this, look at how damaging a 1/4 rate increase is to NLY's bottom line, compared to the other reits.
This management team is driven by different motives which has lead to poor positioning and huge expense to share holder.
CRE is a differentiator but has not really worked from the market point of view. While we had been hopeful that the Street might start to view Annaly more favorably as a “hybrid” mREIT in terms of valuation and perception, post the 2013 purchase of CreXus (commercial real estate), this has not materialized, in our view. Quite simply, Annaly is still seen as the granddaddy of the agency mortgage REITs for a variety of reasons (size of portfolio, length of tenure, “brand,” etc.). In turn, we think this will continue to put the stock at a disproportionately difficult place when taking into account many of the fundamental and macro risks that investors experience with mortgage REITs, whether real, to come, or just fear.
If short-term rates moved higher, Annaly’s earnings and dividend may be disproportionately at risk. We estimate that, if short-term rates were to move higher by just 25 bps, Annaly’s annual earnings power could decrease by 8.4%, compared with the agency mREIT average of 2.8%. This disproportionately large decline is due to Annaly under-hedging its repo book or cost of financing. While this could easily be “solved” by just increasing the size of the hedge book, this comes at a cost; and depending on the tenor and magnitude of a hedge book increase, we show that earnings could be negatively affected 3%–55%.
Prepayment speeds have been moving higher. CPRs have been accelerating over the last few months as long-term rates stay low. Three-month CP
I can't imagine a scenario where NLY will be $18.00 in the next decade. The outrageous executive compensation along with their business model make this one look like a real value trap.
I want to believe I could collect 10% for many years to come, but I worry the principal destruction could be just as bad. TWO looks like the better buy, but I am leaning more towards commercial property REIT, not a company that just tries to make a little scratch off interest rates and blows a significant portion trying to hedge.
What a shame... Someone voices their opinion, and the pump patrol doesn't like it, so they attack them.
Don't take it personally Mscrouse, brinerbriner is a disgraced poster who had to create a new alias because the old one was torn apart and anyone could pull up his old posts from when he was spewing the same lies when the stock was 200% higher!
You are up 50% and this bozo has lost more then he can even count. At the end of the day, that is all that matters, not who screams the loudest or talks the most trash, it's just you and your account, the rest is just hot air.