That was the exact same statement they made in last quarters earnings release. So that is not new news. Already discounted in the stock price. Shake out the profit takers and day traders in the morn and up from there. Exact instant replay of last quarters action. On Jan 21 stock closed at 24.76, reported Q4, opened at 24 the next day and traded as low as 22.69. 3 days later was at 30.
Smoking ban impact has been discussed for a year and was priced in 15 points ago. Studio City concerns have been well known for the last 3 months. Stock priced as though there is no hope for any good news for the next 1-2 years. Rarely will that be case. In the meantime the stock bottomed in the 21 range 2 weeks ago and todays seemingly more bad news actually leaves the stock in the green for the day and attempting to find a new floor in the 23 range. Sell the rumor, buy the news. Bottom is in.
The operative sentence is:
As we near actual YoY growth, we expect Macau stock sentiment to materially improve from current levels. However, we anticipate a continuation of Macau company downward earnings revisions over the next several weeks.
Once again, today's knee jerk downward reaction to news that is already discounted provides an attractive entry price to add or establish a new position in what will be a very positive 2016 earnings story. It is becoming increasingly apparent that the stock price has been sufficiently marked down that now a price around 23 marks the new equilibrium as opposed to 21 two weeks ago.
He calls himself long at 21 with the stock over 23. I did not see his long call when the stock was at 21. Fantasy world trades he makes up after the fact.
So now you're long at 21? You have no credibility dude. You watch the price cross 23 and now all of a sudden you're long? You haven't a clue, none at all.
Thanks for the news flash. Gaming revenue will fall 40% in March. Next March gaming revenue might very well be up 15-30% versus this March. What do I care what gaming revenue is going to be for the next 6 months? I don't. I only care how much it will be up Q4 2015 over Q4 2014 and CY 2016 over CY 2015. It will be up.
Don't you understand basic fundamental investing 101?
Rather then title the article "No Good News", It should be titled "No New News". The outlook is absolutely wretched and fully discounted in the price of the stock.
What a yawner. ZZZZZZZZ
And how about another story telling us how bad it is? The price of the stock currently discounts a worst case 2015 for Macau. Elementary analysis suggests that sellers are not anxious to part with shares under the 21 level.
OMG did you see that breakdown on absolutely no volume! Now down 15 cents. Has now traded today less then 1 million shares. Average 10 day volume is 4.5 million. Where is the mass exodus?
Why don't you post something we don't already know and is not discounted yet in the stock price? Don't ya think maybe it's a little bit too late to sell? 450,000k shares traded so far today. The selling frenzy is over for time being as the stock price has been sufficiently marked down to maintain supply/demand equilibrium.
Gee, what a surprise. I would have never thought it could be that bad until I read this. There's probably nothing that could happen to change this bleak outlook, huh? Funny though maybe there isn't anyone left to sell. Could it be a double bottom?
Short interest as of 1/31: 11.614 million shares
Short interest as of 2/27: 10.332 million shares
Do ya think maybe the wise guys think this story has pretty much been played out? Looks that way to me.
Dude, all this noise is not news. March is going to be horrible, everyone knows that. It will get better maybe April. Odds favor Beijing taking a softer stance. They wanted to send a message, message sent and received loud and clear. Better days are ahead now that's out of the way.