biggest metal mining compdoubany in the world.. freeport mcmoron is spinning of oil and gas and focusing on copper.. 2016 will be commodities year.. and brazil's.. a double whammy!
it will be $500 Million or .10 cents a share.. VALE still paid $1,500,000,000 dollars in dividends this year despite one of the most severe commodity down markets in recent history.. Freeport Mcmoran said it is thinking of spinning off its oil and gas to focus on its Copper Mining Business... VALE is a Major Asset Rich Company... 2016 and 2017 will be a much different story!
THEY are calling for $2.18 before this bottoms out.. that would put UGAZ at about $2.75 .a share.. WE say wait it out..
glad I sold my 25,000 shares in the mid $30's.. I only make small trades now a few 1000 most at especially as the market makers bid/ask size is not much on MPEL these days..
GGR will bottom out in the 4th Quarter of 2015.. the only problem is there will be flat to slow growth into a MASSIVE online supply build out of New Casinos.. they will cannibalize the GGR spreading it out into the New Debt... and MPEL only has 60% of Studio City and needs 400 Tables of which there is no word yet?.. who ever bought ( like Squeeze did ) in the $30's will be sitting on dead money for a long time
you owe this board a big apology Squeeze... and tell us how much you are losing. because you sound more crazy with every MPEL sell off..
back to A DOLLAR A SHARE.. and then another reverse split.. the game will never end..
The partnerships are really a bad deal from the bottom line to the top line.. and then they have Crown and Packer as partners as well.. they need to buy out this Studio City deal.. Batman Rides yada yada.. how many tickets do they need to sell for the Ferris Wheel to show a profit?.. and still no official word on Table Games.. what a shame!
they will never stop.. they only play smaller the more and more money they lose.. seen it for over 30 years.. high roller whales is a thing of the past.. still a viable business.. the market is discounting this in the $12 price tag
the VIP and the TRIADS that fueled this mania are gone forever.. look at the U.S. Junket Market compared to decades past.. Mega Junkets are a thing of the past and the Mass will never fill those shoes.. let's see how the new Mega Supply with a flat GGR unfolds???.. Studio City, Wynn Palace, Galaxy 3 & 4, LVS SJM MGM?
I think if they owned Studio City outright it would be a different story.. the 60/40 is not a good deal for the shareholders.. we need to build casinos without too many hands in the pie!