That's not counting a DRIP, or Verizon raising the dividend, or Sprint shares falling further.
When is Spinrt's ex-div date again?
I don't think he would have said it unless he was thinking it. That in itself is bad. I don't think he understood the US market as well as he thought he did. Tough to defeat union strongholds like Verizon and AT&T when they have so much connections to the politicians.
Sentiment: Strong Sell
And they need more debt!
And nobody can say what will happen to Wynn Macau property after Cotai is open. I still thinks Cotai is just a replacement for Wynn Macau because the Chinese wanted to mover the gambling operations to the Cotai island.
When he only bought out 55% of the shares at that price and will get the rest (if he wants them) for MUCH cheaper. I see this headed below $3 fairly soon.
FACT: Many of the Radio Shacks that used to sell Sprint products no longer exist.
Yet you dopes still try to sugar coat it as positive. ROTFLMAO!
Back then there was "only" $20B in debt. Now it's $34B in debt and more needed to build a 4G network. And there was alot less shares too!
I don't know a single person who uses Sprint. Everyone I know uses Verizon or AT&T.
They didn't "open" stores. They CLOSED 2/3 of them! ........UNBELIEVABLE!
These aliases HAVE to be all using the same computer to pump this rubbish.
"Plus they are only paying for the space they are using hence another huge cost saving."
They went from NO cost to now having to pay to use the stores. Geez, even basic Pumper math says that paying something is more than paying nothing.
"previously the stores were NOT exclusive to Sprint"
If you thought the stores were empty when they offered Verizon and AT&T, just wait til you see the tumbleweeds rolling past the front door now.
Makes no sense paying so much currently for so little.
They have to give the rats more expensive cheese to keep them from fleeing the sinking ship.
And BTW, Wynn can't afford to buy ZNGA for the poker, so get that out of your heads Pumpers.
Your tax math was wrong BTW, unless you are figuring a 25% tax rate on dividends. Irrelevant now though.
Maybe he and Elaine can take up bed making to gaing back some of that lost income. Of course, there's no need to make the beds if nobody is sleeping in them.
"I would say close to 0, even if you value the 2 Macau properties at 4 billion, which you can not."
You're right, you can't call these structures yours if they are built on borrowed land. The Chinese will own them someday imo.
The he could buy a larger percentage of the company when it drops below the price he was forced to take for his previous shares. What a sketchy deal. I don't see how WYNN can take his shares AND hold HIS cash. We need clarity on this situation once and for all imo.
OK, that was easy.
Now I expect net debt to continue higher once Boston project starts. It has now climbed to $6B and needs to go higher to complete these projects, unless they issue shares. I'm not sure Steve will want to see his ownership stake drop further from the dilution, so I expect more debt.
The dividend cut was good, but it came 18 months too late imo. Guess it was needed to push the stock up to such unreasonable levels last year. The rich got richer and the bagholders are getting poorer.
I'm sure he's bashing under another alias now. Those paid basher/pumper types are easy to see right through.
The Cotai project expenses have to be higher than the earnings now. The dividend is hurting the company at this time imo.