Well the close is about 2 months earlier than I was expecting...nice surprise.
As for changes, I'd be happy with some drink service on graveyard shift.
Totally missed by Squeeze is that MPEL is moving the experienced dealers over to the new property. That means efficiency will drop at the old place..
Steve Wynn is always whining about something. $25 million in total compensation 2104 and complains non stop that obamacare is killing him.
As soon as the Batman ride opens you'll be sorry you made fun of squeeze.
When MPEL closed over $25 in April you were giddy with joy.
When it closed over $23 in August you were high fiving in anticipation of getting back to $40.
Now if it gets to $20 again you will be quivering with orgasmic tension?
I guess the one analyst who was upset about the compensation wasn't around for the Sturges days. $412,000 base pay and over $700K total compensation. It's much less now with better results.
I didn't see any presentation on EGT website either.
We had the troll posting that one and the other troll posting the "rumor" of 400 tables allocated.
Filed on 8/28/2015
As of the date of this report, no application has been submitted to the Macau government for the gaming table allocation for Studio City.
Take a look at your 1099 form. On 2/13/2014 you will see a buy of MPEL somewhere north of $40. That's your cost basis on that purchase.
Now pull up a quote of mpel today. Take the price you paid and subtract todays price, that's what you are losing.
Glad I could help.
Check the price on 2/13/2014 the day you said "We are adding this morning".
Step up to the plate and own it like a man.
squeezetracker • Feb 13, 2014 9:59 AM
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If I were trying to find something to quell our enthusiasm for the shares, I'd focus on mass hold being so superior... but their comments on the subject, including sustainability, were brilliant, as was Ho's inclusion of his players.
We also focused on two other points. First, none of the Asian analysts (or Bain) expressed any concerns over China's economy and banking/shadow banking system. Second, listen carefully to what they said about combining Jan and Feb to look past Macau's GGR results for January... and note the commentary that CNY book is significantly better than last year and that already the VIP and premium players are returning to Macau and that they are very please with the prospects for further progress this year (even before Studio City comes online).
We smiled to hear every analyst congratulated mgmt on a superb Q. They should have! One of the last analysts on the call (Citi I think) suggested that he thinks the Q was "great, really great job" and that they have consistently delivered outstanding results for the entire three years he has followed the Company. Anyone reading our posts over that same timeline knows we have the same view.
We are not advising anyone here, but longs should consider listening to the call before selling out any shares. We are adding this morning despite the tough broad market tape painting, and we are quite certain the box hedge shorts will be coming off as gently as possible over the next couple of days. Those pm who were careful to protect the bump up from the double bottom retest of the 50d ema are sophisticated enough to understand they don't want that offset to the long on rolling forward. Less
Squeeze keeps quoting Ho as if he is some kind of genius. The guy wasted a half billion dollars of shareholder capital buying back shares at much higher levels.
The SEC filings say ALLOCATED 400 tables.. If you are allocated 300, moving 100 doesn't fix the covenant breach.
In the event that the Studio City Project is allocated fewer than 400 tables, we may not be able to meet certain conditions and requirements of the Studio City Project Facility.