It took Gordon and his team 3 years to take a portfolio that was a mess and give us a double. Don't you think he can do the same with underperformer CSG?
I'm pretty sure that if CSG had simply hired Gordon to be the CEO there, CSG would be ripping higher.
Not sure why the need to keep comparing MPEL to the other Macau stocks. There are thousands of companies you can buy who don't have to deal with a bad regulatory environment.
Why don't you try comparing MPEL with Echo Entertainment if you want to compare with a casino stock?
Apparently Squeezes prediction back in December that VIP tours would light up the reservation desks was just wishful thinking. Remember how we had to hear about the big "gift basket" for the longest time?
I guess the basket was full of nicotine gum and anti gambling pamphlets.
It's a no vote from me, too. They should be buying back shares if they are below NAV not issuing more. That is Capital allocation 101.
Are you guys gonna blame the womens world cup for the horrible numbers just like last year with the mens?
I don't know why you are so excited about manila. You have Clarence Chung running the show over there. He's had a 10 bagger in reverse with EGT. I wouldn't trust him to manage the gift shop.
Need more info on the deal. If it includes the building, land and the vacant land surrounding the property, then it could really be a steal.
If the current owner sells the business but leases the building to UWN, then it's a much less attractive situation. Or should I say not attractive at all.
At $22 they are about 10x Free cash flow over a 2 year avg. Retrans is growing, they have spectrum opportunities and they are probably looking for duopoly stations to acquire.
I think the market is spooked about expenses being up 20% but that is because you gotta turn over about half of the retrans to the networks.....so when retrans increases so do expenses.
I'm sitting tight, adding more if I can get it for $20.
Intelligent criticism of a stock one owns helps to test the thesis. I learn nothing from a person who just agrees with me all the time.
When squeeze figures that out, it may help him avoid the temper tantrums.