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Fusion-io, Inc. Message Board

squeezetracker 177 posts  |  Last Activity: Apr 30, 2015 10:03 PM Member since: Apr 5, 2011
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  • Someone ought to tell CNN's "crackerjack" reporter that the Beijing's "Foxhunt" has been seeking Xi Jinping's political foes (corrupt or perhaps not) here in the U.S. since Zhou was placed under PRC house arrest in late July 2014. These folks aren;t gaming anywhere anymore. LOL

    "Beijing believes at least 150 corrupt Chinese officials have fled to America, according to state media, and has sent U.S. authorities a list of the "priority cases" it is targeting.
    Since coming to power, Chinese President Xi Jinping has launched a massive anti-corruption campaign that has netted hordes of government officials and company executives. Critics say Xi is simply cleaning house and removing opponents, but the crackdown has continued to widen.
    A new effort launched last year -- dubbed "Operation Foxhunt" -- is targeting rich Chinese suspected of economic crimes who have fled abroad. China is trying to recover their illicit assets.
    The U.S. State Department confirmed Wednesday that China has sent lists of suspects to the U.S. China has also agreed to hand over more evidence on priority cases to help U.S. officials track them down, then prosecute or deport them.
    "We continue to encourage China to provide strong evidence and intelligence to ensure that our law enforcement agencies can properly investigate and prosecute cases related to the alleged corruption," U.S. State Department spokeswoman Jen Psaki said on Wednesday.
    Neither Beijing nor Washington have given details about the list of targets, though at least one Chinese citizen has already been arrested in the U.S. with China's help, according to the Department of Justice.
    Last week, Shilan Zhao, the ex-wife of a former Chinese official, was arrested in Washington state, on charges of immigration fraud and money laundering, the U.S. Department of Justice said in a statement.
    Zhao and her ex-husband, Jianjun Qiao, were charged with fraudulently obtaining visas through a popular immigrant investor program known as EB-5.

  • Checking the boxes with a big green felt tip marker...

    Macau's Diversification and Economic Development
    [MPEL] has long been a leader in supporting the Macau government’s goal of diversifying the city’s leisure and tourism offerings, through our strategic approach to emphasize diversified and leading-edge entertainment. As our current portfolio and upcoming additions fully demonstrate, we strive for a good balance between gaming and non-gaming facilities, and set high standards in innovative leisure and entertainment offerings as we create unique landmarks in Macau that attract new and returning visitors alike and substantially support local and international tourism growth. Part of our strategy also involves bringing many internationally-renowned brands and attractions to Macau which further contribute to developing Macau into a truly world class leisure, entertainment and gaming tourism hub in Asia. We continue to strive our utmost to enrich the local tourism and entertainment scene and achieve economic diversity in Macau.

    Employee Development
    Besides enriching the mix and variety of entertainment offerings in Macau, Melco Crown Entertainment also places priority on the development of our employees, as it is key to ensuring a sustainable future for our Company and Macau as a whole. We believe in life-long learning and personal development, as demonstrated by our in-house Learning Academy, allowing employees greater flexibility to achieve various qualifications for advancing their career. We also offer scholarships to our employees and their families to further their education. Internal career development is also a policy and culture of our Company. In the past six years, through meticulous planning, over 16,860 internal transfers and promotions have been offered. With competitive packages and career development opportunities, the future of our employees is in good hands.

  • Reply to

    BUYBACK WINDOW Starts this Week

    by squeezetracker Mar 23, 2015 6:58 AM
    squeezetracker squeezetracker Mar 26, 2015 1:58 PM Flag

    correction: the buyback done late last year were as high as $27+/share.

    Shirley Mason (drjackoff, toast janetate et al) tried to dis me on buybacks? Complete dufus... MPEL may wait for the 3 day safe harbor from last night's filings on the delisting and articles approvals and filing of the annual report, but if MPEL's BOD thought the stock was cheap up through late December between $27 and $22, it is cheaper today given the initial successes of COD manila now open and closing in on Studio City's opening of the first phase of that development. Old news, but the "expansion" or second phase of Studio City plans are likely under acceleration now as those doing serious study here understand.

  • Lots of fun reading in the reports filed last night in Hong Kong.

    Although opened just last month, COD Manila was named "Integrated Resort of the Year” award at the annual International Gaming Awards which recognizes the very best casino or integrated resort, judging by its facilities offered, customer services including quality and professionalism of staff working at the venue, games offered, atmosphere, style and design of building, which together make the resort an outstanding choice for customers. With the opening of City of Dreams Manila, we have brought our highly successful flagship brand City of Dreams outside of Macau for the first time, marking a key milestone as we endeavor to expand in Asia and beyond. "

    Lawrence Ho has also received several honors (e.g., CEO of the year) associated with his stewardship of Melco Entertainment. Good to have an important legacy/chinaman CEO running the company given the swirling policy topics there... and that Macau and Beijing officials are dialing into the realities of overzealous persecution of "corrupt" political foes of current Beijing regime. Haven;t heard much about Jinping's "Foxhunt" trophies lately, have we.

  • Reply to

    BUYBACK WINDOW Starts this Week

    by squeezetracker Mar 23, 2015 6:58 AM
    squeezetracker squeezetracker Mar 24, 2015 6:13 PM Flag

    In December, following the 3rd Q results and without the need for BOD review/approval of audited annual results, MPEL repurchased some $300m of stock beginning at $26 all the way down to $21 and back up to $24+ before fading the program for the Q.

    Assuming a typical release for the March Q in the first week of May, based on MPEL's activity in the 4th Q it is likely no coincidence that they will have something like 10 calendar days to repurchase shares between tomorrow's scheduled "approval of audited final results" for the year ended 12/31/14 before the 30 day safe harbor blackout period begins in the runup to earnings in early May.

    Delightful to think the morons shorting are selling to the company which is controlled by two young billionaires (Packer and Ho) controlling 68%+ of the company...and on their way to more as the HK constriction of at least 25% public float is blown off.

  • Reply to

    start giving face to Philippines

    by boiler_room_bermuda Mar 24, 2015 9:58 AM
    squeezetracker squeezetracker Mar 24, 2015 5:56 PM Flag

    MelcoLot is an investment sub of Melco development which is controlled by Lawrence Ho and his family, but the focus of that company, a separate and distinct entity apart from MPEL, is on smaller venues such as fringe Nothern China, Russia and maybe your "Barcelona" reference amongst others...

    As I wrote a year ago when a few here were suggesting MPEL was going to Vegas (they did not, but Packer's Crown has a flyer piece of dirt at the far end of the strip there now), MPEL's focus is not on these smaller and perhaps U.S. and other continent based venues. The spectacular and iconic Integrated Resorts that lawrence and james packer (Crown Resorts) are building under the Melco Crown Entertainment (MPEL) empire is all about "transformation properties" in the Asia Pacific... Tower 5 at COD Cotai, the expansion phases of Studio City on cotai and at COD Manila will fit that bill... and so will the framed up $5B Japanese venue should Abe and the posse in Japan greenlight such development.

  • WHERE PROXY BETTING IS ALL THE RAGE

    Delightful to point out that MPEL continues to work on "repurposing" Altira to focus on the "large, quality" (rules compliant tours with nothing to hide and consistently bringing in players who are not on the outs with Beijing and Xi Jinping's regime) VIP tours... because as much as the morons here continue to post drivel such as Shirley's "down the tubes" and dthe98/matrixputz's bs about "VIP is dead" and "VIP is never going to come back," everyone who can think and do basic math knows that the 7 largest junkets still control about 80% of VIP play on macau, and the little pissant junkets with funding issues and dubious players are what is dead.

    Meanwhile, Altira just opened two new floors at Altira (one of them for SunCity). Here's more:

    "Macau casino junket operator SunCity Group will open four more VIP rooms in Manila casinos by mid-year...
    SunCity, whose share of Macau’s VIP market has been estimated at between 25% and 30%, already had a presence at Bloomberry Resorts’ Solaire Resort & Casino. SunCity will be bolstering its Solaire presence as well as expanding to Melco Crown Entertainment’s recently launched City of Dreams Manila property.

    SunCity recently issued 200 shares of SC Group Manila to give investors... a piece of the company... The junket operator subscribed for half of these shares while the other 100 shares will be available to the public for the low low price of HKD 5m (US $645k)

    Proxy (phone) betting is becoming all the rage in Manila casinos [and soon] could represent “as much as 50% of VIP revenue in Manila, versus 5% to 10% in Macau.”

    That is how the Beijing pols can still play even in macau's spotlights... and PAGCOR (manila) likes proxy play! LOL

  • Reply to

    Weekly gaming data going down the tubes.

    by jane_tate Mar 24, 2015 1:12 PM
    squeezetracker squeezetracker Mar 24, 2015 3:42 PM Flag

    You are replying to the board's "Shirley Mason"/Sybil aka "janetate" "toast" and "drjackoff" here and on the ikgh board... and he also converses with himself on the IKGH board with those and several other aliases including brinerbriner, jugheadus and so on... he thinks he's convincing #$%$ to sell from what we can discern from his blithering "sky is falling" nonsense here. He is also so shallow as to feign pain at "ad hominem attacks" when he is the tart posting diversionary bs here all day long. Here is my favorite post of his of all time:

    "toast22342000 • Mar 14, 2015 10:13 AM Flag

    I can't imagine anything more humiliating for the cabal than having to reply using multiple aliases, most of which I have on ignore because they are used to make replies so idiotic their sole purpose it to act as a distraction."

    Funny as hell, right? And no, he decidedly does not understand fundamentals (or quant or techinical analysis or money flows)... but he has incessantly hyped buy buy buy on IKGH from $9 to $1, apparently without realizing how F stupid that is when he proclaimed he was "happy to finally be short" ( I think he meant on IQ) this at $25 and thinks this is a good short at $20.. while still hyping IKGH every day (still). LOL

    Special thanks to "marketmaker" and "puthimon" for calling him out on both boards... too funny.

  • Reply to

    MPEL coverage today...$32

    by lawstuff22 Mar 23, 2015 7:30 AM
    squeezetracker squeezetracker Mar 24, 2015 7:48 AM Flag

    Anyone who knows the Bernstein firm knows coverage pick up on the sector is interesting down here at washout levels.

    Notably, they view the U.S. gaming venues as oversaturated and pass on rating action for the U.S. listed stocks of the other three companies. In other words, they actually understand the business and ownership structures of these four companies and thus focus on MPEL, Sands Macau, WYNN Macau and MGM Macau.

    These write ups devote pages and pages of detail to attention to the benefits of MPEL's Manila and LVS' Singapore (MBS) footprints and emphasize the business plan focus of MPEL and LVS on mass play as the future of Macau. Lots of air devoted to the new properties being built by all four companies, too; nods to Studio City and Tower 5 at COD coming later this year and in 2017, respectively, as being locations of choice for quality mass visitors. NFS, but good to see they get it as they will create new looks at the stories.

    They rate both MPEL and LVS "outperform" (buy), but call the WYNN and MGM franchises "market perform" (neutral), relagated, as it were, to the unexciting bucket based on their continued relative reliance on VIP which is now running sans a lot of the weaker junkets and those players maintaining a low profile while the Foxhunt fades from the healines in favor of not "sacrificing" Macau tax collections any further.

    Frankly, the Bernsein sentiment and ratings for WYNN and MGM seem a tad harsh. All of the companies are washed out and stupid cheap down here unless one thinks there will be no recovery 2H15 and beyond. Still, MPEL is running 100% without comp rooms as the place of choice to stay and play, and clearly MPEL has the most catalysts and levers to pull near term, without the baggage of the U.S. venues where the business is increasingly about MICE in Vegas... and not much in the way of GGR beyond poker and blue hair slots anywhere Stateside.

  • squeezetracker by squeezetracker Mar 23, 2015 6:58 AM Flag

    Last Friday the company made the announcement below, following which, under the HK listing rules, they will be able to resume repurchasing shares with the residual $200m or so left under the first $500m authorization they issued last year. No one should be surprised to see MPEL spend that $200m soon after the meeting is adjourned... because they are assuredly considering re-upping the program with an additional $500m or so authorization to be approved by shareholders of record as of April 2 for this year's annual general meeting to be held another several weeks from then.

    NOTICE OF BOARD MEETING
    APPROVING FINAL RESULTS
    This announcement is made pursuant to Rule 13.43 of the Rules Governing the Listing of Securities
    on The Stock Exchange of Hong Kong Limited.
    Melco Crown Entertainment Limited (the “Company”) announces that a meeting of the board
    of directors of the Company will be held on March 25, 2015 (Wednesday) for the purpose of,
    among other matters, considering and approving the audited final results of the Company and its
    subsidiaries for the year ended December 31, 2014.

  • Reply to

    Buyback?

    by voof7 Mar 18, 2015 12:26 PM
    squeezetracker squeezetracker Mar 23, 2015 6:49 AM Flag

    huh? I'll suggest no one rely on anyone other than themselves... do your own assessment of developments and make thoughtful risk/reward based choices. This always has been and will be a speculative sector, but there is lots of money to made and it is easy to hedge in downside environments as discussed here many times over the last several years.

    As for buybacks, under the HK listing rules, companies can not buy back shares after their 12 month tear ends until they approve the 12 months ended financials statements. As discussed on the buyback thread i posted last week (clipped and refreshed), that BOD meeting to "approve" is this week.

  • squeezetracker squeezetracker Mar 21, 2015 7:19 AM Flag

    ok toast, drjackoff,janetate... LOL

    "Any dolt understands that not owning the land will preclude a REIT"?

    Wrong again... just as you are, on all of your aliases, that the stocks can't/won't go up until VIP returns (including the 75% that never left as discussed months ago by me and by Brean's analyst last week) and GGR is positively trending again.

    "Bomb" that along with your horse manure sock courtesy Woody Allen.

  • squeezetracker squeezetracker Mar 21, 2015 7:15 AM Flag

    ok toast, drjackoff,janetate... you are a riot and glad to see you enjoyed the week short MPEL. LOL

    Funny to see this "I am the bomb" putz thrash about with protestation he is not "Sybil." Those reading here with any retention know his coy "janetate" personna here has gone from dopey woman who is grateful to drjackcar, brinerbriner, juheadus (as per "puthimon" and "market" call outs) he uses as additional Shirley Mason aliases on the IKGH board where he's hyped that story from $9/share all the way down to $1) using the precise same phrases as "toast" (his once civil, collegiate if generally clueless personna vs the chortled drjackcar alias.

    As a minimum, this Shirley clown has used these three on MPEL regarding how this group and stock will never recover until VIP and overall GGR are growing yoy again. The Morgan Stanley news in january made a mockery of that thinking ($21 to $28 in ~10 days while yoy GGR was down some 49% yoy).

    His nonsense on REITs here further demonstrates his lack of knowledge."Any dolt understands that not owning the land will preclude a REIT"? Patently incorrect... the land and short term leases create complexity and difficulties for typical REIT investors as I wrote, but they do not legally preclude assignment of the construction on that assigned land. It will ultimately come down to disclosures and risk factors as noted on a few threads last week. Over time, I have discussed this topic on many threads, including a mere skim of some of the nuances, but to my recall, on all of Shirley's "dolt" posts, this is the first time drjacktoasttate has ever commented on REITs involving the gaming companies. LOL Of course, he is wrong again.

    LVS execs, not just Shel, have discussed this topic at conference and in one on ones. As noted here last week, they know the land piece is complicated, but they also know they can work around it if and when they want to structure a spinoff of the hotel/building operations' cash flows.

  • squeezetracker squeezetracker Mar 20, 2015 1:58 PM Flag

    ok Shirley(aka toast, janetate, drjackoff et al)... he is a shill, and meanwhile, everything Brean's analyst has to say about the Macau names in the video and his published report is right on point.

    Then we have your incessant bs that everyone who is not mentally challenged can see is the work of an intern level dufus spewing "ad hominem" and other useless dog #$%$ here a dozen times daily. btw, is it time to sell out IKGH yet? You are one piece of work stockpicker alright... hahaha

  • Reply to

    REIT sUnlikely on Macau

    by squeezetracker Mar 19, 2015 3:11 PM
    squeezetracker squeezetracker Mar 20, 2015 1:48 PM Flag

    Thank you sir. We are enjoying your thoughtful posts as well.

  • Reply to

    REIT sUnlikely on Macau

    by squeezetracker Mar 19, 2015 3:11 PM
    squeezetracker squeezetracker Mar 20, 2015 1:09 PM Flag

    no problem Jim... the issues I am discussing here are arcane... you will not see any sellsiders even attempt to discuss them because they nor their clients understand the issues. For that matter, neither do most investment bankers unless they are focused on the big Real Estate REITs... it is tax atty/cpa/cfo esoterica for the most part.

    LOL that along with the longstanding morons, now we have some new idiots touting MGM here who have no F idea what the sector, companies, tax implications, holding company structures or domiciles or REIT terms even mean... and yet, like Shirley Mason's goofy inanity and matrixputz trying to tool on me 400 times here when he was the tool shouting that MPEL was going to $75 last year, these dopes think MPEL is a short at $20. Holy S funny.

  • Reply to

    REIT sUnlikely on Macau

    by squeezetracker Mar 19, 2015 3:11 PM
    squeezetracker squeezetracker Mar 20, 2015 12:58 PM Flag

    to expand for fun and those not familiar with MPEL's and other macau/HK holding companies and other foreign jurisdictions for corporate tax purposes... consider the following...

    "At the start, anyone who understands the "tax efficiency" economics and the various ownership structures, esp of MPEL, knows there is no advantage to it there."

    Although the practical reality is that Macau will want the quality operators to continue being the engine driving their local economy and Beijing -- political rhetoric and quashing Xi Jinping's political enemies aside -- understands they need to protect the Golden Goose (gaming revenue as the tax base needed to support not just Macau but all of the infrastructure and Hengquin and yes Guoangdong and other surrounds, too), none of the concessionaires own the land in Macau and unlike U.S. based corporations there is no "State and Federal" corporate income tax there. This is central to the economics of doing the tax-advantaged REIT structure here in the U.S.

    In basic terms, under REIT structure, the entity is required to pay out at least 90% of annual operating income to the owners to avoid taxation at the entity level... but that enables escape from paying income taxes at the corporate level. Isolating MPEL, study their holding company structure to learn more but their domicile is not China or the U.S., and they pay no income tax so they do not need nor will they seek to do any kind of REIT structure to extract the advantage MGM (as did Penn Gaming) with their U.S domiciled, and significant -- relative to capital structure -- commercial real estate assets. Again, MGM will give up substantive flexibility if they greenlight this initiative, but the economics of saving Federal income taxes on the real estate aspect of their ops is large while running positively since the big slams. There are other nuances, but humor aside, most institutional owners and for sure most "analysts" don't understand this simplified discussion of the topi

  • squeezetracker squeezetracker Mar 20, 2015 7:27 AM Flag

    I think you are referring to the Deutsche Bank, JPM and Morgan Stanley downgrades from almost two weeks ago? The four notable "back to bullish calls" in recent weeks have been from Morgan Stanley (now, incredibly, reversed out as joked about on another thread), Union Gaming (Govertson is the analyst dthe98 goofball calls a young idiot from the US who knows nothing that is actually the middle aged guy who lives on macau and is on a first name basis with all of the execs there and understands the business exceedingly well as an analyst and consulting advisor -- LOL), Citi and Brean... here's the thing as discussed in this thread...

    There is sticking one's neck out on a "contrarian call", and then there is actually understanding what is happening and the implications for serious invstors who understnad risk and reward. The buyside funds are not looking to these analysts for guidance; more at ensuring they are not missing something... by the time it is obvious the "contrarians" are correct on the macau names once again (the consensus thinking has missed the last 5 turns since early 2009), the stocks will be materially higher. Some may consider studying the last two Qs 13Fs (quality value guys back to adding heavy since mid $30s after lightening when we did above $43) and the buybacks done between $21 and $26 by the "sophisticated" BOD last Q.

    See the Brean guy's comments in the cnbc video from this week... and note how Melissa (Fast Money host) really doesn;t like how his comments do not comport with her bs negative bias right up there will Shuli Renn's running drivel.

  • last Friday the company made the announcement below, following which, under the HK listing rules, they will be able to resume repurchasing shares with the residual $200m or so left under the first $500m authorization they issued last year. No one should be surprised to see MPEL spend that $200m soon after the meeting is adjourned... because they are assuredly considering re-upping the program with an additional $500m or so authorization to be approved by shareholders of record as of April 2 for this year's annual general meeting to be held another several weeks from then.

    NOTICE OF BOARD MEETING
    APPROVING FINAL RESULTS
    This announcement is made pursuant to Rule 13.43 of the Rules Governing the Listing of Securities
    on The Stock Exchange of Hong Kong Limited.
    Melco Crown Entertainment Limited (the “Company”) announces that a meeting of the board
    of directors of the Company will be held on March 25, 2015 (Wednesday) for the purpose of,
    among other matters, considering and approving the audited final results of the Company and its
    subsidiaries for the year ended December 31, 2014.

  • S owhile Shirley Mason (toast,drjackoff, janetate et al),matrixputz and the rest of the "bashers" (LOL) here continue to rant about how "VIP is dead", "VIP is never coming back" and similar endless drivel, the Brean guy actually understands the dynamic that the "VIP who are uncomfortable have not been there for months now" and the VIP tour players who have continued to come and play (i.e., the other 70% or so of the dollars that were playing in last year's peak numbers) never stopped coming and will continue to come to play in macau with their favorite junkets.

    Gee... refreshing to hear that this guy from a tiny firm actually understands what is happening... the rest of his comments also ring some familiar bells to anyone actually doing legitimate study here. LOL

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