You seem to need others to point out your ignorance.... weird dude.
My "old posts"? LOL I have shared more comments here on MGM (I'd guess on 5-6 threads) than than I have on MGM over the last three years.
I posted many times on MGM when we were short from $85 to $55 (done well before the horrendous dilution resulting from equity issued to pay off monstrous debt from 2009 on) ~5 years ago and so did my partner. I also posted several threads involving why, AFTER they had diluted the cojones off the original shareholders, we thought MGM was a great trade from $6 back to just over $14 back ~5 years ago. MGM then was down to flat for the next 3.5 yrs, and only after the group doubled last yr has MGM "finally" gotten up 60% from where we sold out at $16 5 yrs ago.
As noted above, we right that MGM was massively overleveraged and poorly positioned in a dead albatross sort of way by owning the tired strip properties, and all of that still applies. But, again, we were "wrong" and way too conservative in closing out the short so early. We have also used MGM as the paired short vs WYNN and MPEL many times since -- so have several pm friends for the structural and strategic reasons discussed on this thread.
Before further repeating your lame perspectives on which company/stock WAS better positioned, have a look at a 5 yr chart comparing MPEL to MGM. MPEL is up some 500% (despite the recent pullback which will soon be reversed) from when we sold out MGM, while MGM is up some 60%.
It is obvious this dude vegasbaby understands little of these topics, but to be simple about it all, we doubt MPEL will repeat this "outperformance" over MGM by a factor of 10x during the forward 4 yrs (time since we sold MGM). Yet MPEL is DRAMATICALLY better managed and strategically positioned than is MGM, and it will likely monstrously outperform MGM, the weakest sister in the group.
ataboy crack! You should spply for a job with Barron's blooging "real time, market moving " news!
colgate offered up the best light one can cast MGM in above... read that several times until it sinks in a bit.
Then you can humor us by explaining the metrics you think illustrate anything (ANYTHING) at all -- other than building count, room count, average number of empty rooms, number of idle tables and empty casinos, or aggregate amount of debt -- where MGM is "outperforming" MPEL. That view is ridiculous. LOL
Those who understand the business would be thinking in terms of revenue growth in percentage terms,, rev per key, win per table, ebitda/share, adj ebitda/share, and EPS growth.
You know, if you and Vegasbaby (LOL) are going to continue posting your ignorance here by offering up clueless commentary on why MGM is ther stock to own over MPEL, a few of us may decide to begin posting on the MGM board mess... you know, some competent quantitative metrics and fundamental/valuation analysis on why MGM remains the structural weak sister in the group, and will continue to carry that distinction indefinitely.
Talking to reporters, Tam said that China UnionPay had underlined in a statement last week that since its inception the use of its cards in Macau casinos had been restricted.
The policy secretary also said there was a mechanism in place to oversee the UnionPay cards’ local use.
“We always keep a close eye on the market [involving UnionPay cards] as well as the casinos,” Tam said, adding, “We can take action anytime…… or implement proper measures when there is a need to strengthen the government’s supervision,” Tam said.
“There are no concrete plans [for special measures to be implemented] on July 1,” he insisted.
Asked as to whether the government would consider banning shops on the fringes of the city’s casinos from accepting UnionPay cards in an attempt to stop the “illegal” cash transfer business, Tam said that not all such shops were involved in irregular activities and local shops needed the service for their mainland clients’ “bona fide” transactions.
..Tam said Sunday the government had no plans to impose extra measures on the use of UnionPay cards in the city on July 1.
[Barron's Shuli Renn and countless other morons reported that] Hong Kong’s SCMP reported earlier this month that “Macau casinos will be handed a deadline by which to get rid of China UnionPay mobile swipe card devices or face a crackdown on the city’s multimillion-dollar illegal cash-transfer business.”
The newspaper quoted unnamed gaming insiders. It also said that “people with knowledge of the planned squeeze” had told the newspaper that a deadline of July 1 will be set by the Macau Monetary Authority (AMCM).
Tam yesterday also said that not all UnionPay-authorised shops located on the fringes of the city’s casinos were involved in “irregular” activities. [Oh my, really?]
...Asked by reporters about recent Hong Kong media reports that special measures would be implemented by the local authorities on July 1 to restrict the “illegal” use of UnionPay cards and stop local shops from conducting “bogus” cash transactions”, Tam said that the local government was constantly monitoring all economic activities carried out by the local gaming industry including the use of UnionPay cards.
According to regulations, mainland visitors can legally bring 20,000 yuan in cash into Macau and withdraw as much as 10,000 yuan a day from ATMs with each card they possess.
China UnionPay, which was established in March 2002 issues the UnionPay cards. The company is a bankcard association established with the approval of the State Council and the People’s Bank of China. Shanghai-based China UnionPay has about 400 domestic and overseas associate members.
Meanwhile, the local pawnshop sector told the Hong Kong media early this month that illegal cash transfers involving UnionPay cards had resulted in a 40 percent slump in business and urged law enforcement agencies to deal with the problem.
Talking to reporters, Tam said that China UnionPay had underlined in a
So that she Shuli Renn might learn a little bit about the UnionPay cards (you know, what they are, the use of them, the difference between legit withdrawals at ATM cards and held held scam devices being used illegally out of car trunks, etc), someone ought to forward this and my next post to her -- or better yet, her editor -- over at Barron's... yeah, see, she thinks she is awesome at reporting "real tiome, market moving news"... she needs to report the latest Macau updates on UnionPay credit cards. LOL
Don't reveal your stupidity so blatantly... Read this entire thread to compare our level of comprehension to yours on the sector and markets.
We have never "pumped" MPEL ( you know, posting ignorant, inane one way commentary without knowledge of the markets, the companies or individual stocks as you do daily).
We have been long MPEL from $9 to $17 and then from $12 through now... and we have had many trading sleeves and been hedged on the core many times as documented on the MPEL board over the last three years.
See, unlike you with your stupid jackass comments on Vegas and now wetting yourself on the MPEL board, we actually understand the capital markets, the gaming companies and markets, and the individual stocks.
If you continue to post your blithering stupidity on the MPEL bioard, we may just have enough fun in us to post an educational series on the MGM board for you and the other clueless MGM cheerleaders. LOL
just getting going now friends...
The market is now back in rally mode and top growth stories like this, EXPE, SBUX and MPEL will outperform for months to come.
It is even time to put BAC back on down here at $15 and with the capital plan resubmitted.
From your comments, it is obvious you know little about the capital markets and the gaming business and venues. Alas, that board has been full of clueless cheerleaders since we shorted it at $85, covering WAY too early at $55 and then owning it from $6 to $14 after the big equity recap diluted SHs' cojones.
Here's a recap of what you MGM lovers don't understand, free of charge. Of the four companies listed here and having assets in Macau, MGM is by far the worst positioned. That is in terms of bearing the Vegas strip albatross (where gaming is dead except for low $ college kids binge drinking, bluehairs pulling slots, except the now rare Asians flown in to the WYNN and LVS resorts and at Bellagio) and massive debt, and forever suffering under the serious dilution they used to avoid bkr and paydown the once even more crushing burden.
What MGM does have going for it is MCE business (tech, dental and car conventions and CMAs as examples), the spring break crowd, and bluehair tour buses. One of the posters on the MGM board was raving about how busy Vegas was last weekend... he obviously knows nothing about Vegas or the business (was that you? LOL) and was seemingly oblivious to the reality that Memorial Day marks the end of the season, and that Vegas goes suntorched dead until October every yearwith interns rounding out the skeletal summer staffing.
Murren loves to talk about getting their second property in Macau because he knows that with just two properties, the keys there will mash GGR in all of their other albatross footprint put together, even incl Bellagio. He is extremely focused on getting to Japan because that offers the promise of serious GGR in just one property as well.
Meanwhile, MPEL's ebitda growth curve and mass and premium profile (now running almost double the group at 75% of total) and its ebitda multiples are cheapest in the group. And here comes COD Manila and MSC and Tower 5 in 2016 -- so three properties coming online w/in two years
Both to hit $41 today ot tomorrow latest? btw, of the two, check out consensus eps estimates for them... AAL looking cheap friends.
did I mention shorts are hosed on these as the transports get to ripping again?
you know, there is a good reason that the airlines, PCLN, EXPE, CAR, HTZ and the hotel companies are running hard to the upside...
Shorts are being trampled on these names...
Now both DAL and AAL are blowing past $40... who'da thunk that might happen? LOL
Next stop $45 for both companies, perhaps on the runup into earnings now.
Time to get long here again friends... easy rally back above $15.20 today... so we just put on a 30k share trade for beer money. LOL
One would need to be impaired to short this down here... the bs is about to end for BAC.
PCLN is just getting going again... if you hurry, you can still own it below $1300 en route to $1400+ this year.
Gartman is a f putz... perhaps you don't remember he told everyone to sell everything -- stocks and bonds -- about 4 weeks ago? Yeah, see, that was precisely at the bottom of the little pullback now sucking up trail dust.
Anyone stupid enough to listen top an idiot like that dufus, or otherwise remain short PCLN, EXPE, DAL, or AAL or out single best idea, MPEL, or even SBUX from today's levels through EOY as these brilliant growth stories crush out the morons still short, deserves to have their pissant margin account trampled.
PCLN will be at new all time high before June earnings are out, whence it will jump another $50+.
Apparently, for the gumptards anyway, I have not yet mentioned enough times that shorts are hosed on these names.
2015/16 combined... and it has City of Dreams Manila, whgich will become THE showplace for Manila Bay, opening in time for Golden Week starting October 1, 2014.
DAL zooming above $40 already. AAL will soon be on top of DAL again.
Did I mention that shorts were hosed? PCLN ND EXPE RUN RESUMING NOW TOO. ALL FOUR OF THESE STOCKS ARE OFF TO THE RACES.
AAL and DAL are running with best ever loads and rasm. They will both RIP past $40/share as the OTAs are leading the charge back to new highs.
Shorts are hosed.
this was a really fun thread if you missed it...
maybe we'll get one more chance to flip trade WYNN as the shorts give a final gasp on the bs drop before the group really takes off on the run up to 2Q earnings.
I was not talking about his schooling; my reference was as to application of the word's Latin (sophisme) and French (sophime) origins, over time morphing into the English "sophomore," esoterically and ironically meaning "wise moron"... you know, someone who acts like he knows what he is talking about. LOL