Earnings are due out tomorrow. A year ago, WYNN earned 2.27 per share for the fourth quarter. Estimates are for 1.43 per share. For WYNN to be down percentage wise today(so far) less than the major averages indicates the street expects some kind of earnings beat. My question is how much of an earnings beat is sufficient? Would 1.53 instead of 1.43 do the trick? Even that would be a far cry from last years 2.27. We'll see how this all plays out.
It's because another report came out saying that if everything goes as planned, Macau is close to being at a bottom. I've yet to see everything go as planned.
What is amazing is that the stock is actually up a bit this morning in spite of making less than five million (opening weekend) on a sixty million investment to produce a movie that premiered in ninth place box office wise.
An "R" rating for "language and sexual situations" seems odd. A lot of films garner a "PG- 13" rating for "language and sexual situations". Expendables 3 should have been rated "R". Mordecai should be rated "PG-13". I believe it's too mild a movie to be rated "R". It will just lower the number of viewers. Not good management on LGF's part.
Down just over 3 percent today, closing at the days lows, while all the averages were up today. I'm beginning to believe the poster who said LGF (while it was trading above 30) was heading to around 26.50 before it would hit a bottom, based on technical analysis.
LGF has once again today retreated to the upper twenties, as it did in Oct. If you recall, in August I posted that LGF would retreat back to the upper twenties. You did not feel the same way. May go lower from here, as the whole stock market appears shaky.
outlaw: today Jan. 13, 2015, LGF is again in the upper twenties. The stock was also here in Oct. 2014. Seems it does like the upper twenties.
I spoke too soon. Deutsche Bank today has now lowered WYNN's price from 225 to 180. Still, it has upside from the current 147 price, as opposed to LVS situation.
Consensus Dec. qtr. earnings for WYNN are 1.73, vs. year ago 2.27. Consensus Dec. qtr. earnings for LVS are .87, vs. year ago .72. So today Deutsche Bank decides to cut the price target on LVS to 53, below its current price, and ignoring WYNN. Seems odd.
yourbest:Speculation is rampant that Januarys Macau revenues will be as bad as Decembers. In December, WYNN dropped all the way down to 133 and change on bad news from Macau on December 17. If more bad news is on the horizon, do you think WYNN will break below this 133 fifty two week low? Are we anywhere near a bottom on WYNN's long decline from the 200's?
yourbest: On another topic, I read an article that said once WYNN's Everett MA property is up and running, revenues from it will eclipse WYNN's Las Vegas properties. I'm assuming this is based on Everett's lack of competition vs. Las Vegas, where WYNN has plenty of competition. Still, an interesting thought.
Please give me a short version of the main points. Two days later may be too late.